Fed unsatisfied with how lenders are handling low rates

12/3/2012 | Reuters

Federal Reserve policymakers want to know why lenders are benefiting from low rates, but the breaks aren't filtering down to home buyers. Since the Fed targeted the U.S. mortgage market in September with large-scale bond purchases, the spread between what investors reap on mortgage-backed securities and the interest rates homeowners pay has widened to record levels.

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