1. With 10 year bond at .7 rates for 30 year should be 2.375 BUT mine government loan houses- Fannie and Freddie and FHA aren't buying that low.

2. Banks cannot hire more people and lay off it takes time to train them and in 3 months investment of training this could be over

3. CEO is accountable to shareholders they don't want to have one loan on the books that they can't sell immediately - they market survey each other hourly - they must make a profit. 

If we see 20000 deaths they re-evaluate and drop again. 

Numbers games as dark and terrible as that sounds. 

Given that people told to quarantine themselves, then

refuse to listen to the good of the whole we might see that number.

Isopropyl alcohol in your car, front door, desk, lunch bag, and a tupperware box with paper towels wet with the solution is good. No hand shaking. Sit on your hands if you must. Wash them with soap often. 

Have 50 lenders to pick from.   No worries.

No.  If they get too low to where the banks make no money, they simply will not lend.  Why lend if you'll only make 1% or less over 30 years with the risk of a default.

I have a mortgage broker friend who says her bank is holding refi rates high to control demand. They prefer new buys.

They mortage rates are established by the banks to insure they don't get stuck holding the mortgage. Be aware the PRIME OBJECTIVE of the bank is to sell the morgage. The lower the yield, the less attractive the product.

Regarding the citizen or borrower....THE BANKS SIMPLY DO NOT CARE.

You probably saw the same on-line story in REALTOR MAG NEWS that I did, Donald Urschalitz 

Lenders compete. They need to have rates that will allow them to get their share of the business. Apparently, there is plenty of business and a shortage of worker bees to handle it. So...rates may be higher from some lenders due to a need to be able to actually perform on the loans they are processing.

It pays to shop around.

They could just be uncertain about what our leadership will do next.  It is a risk for them to sign up too many mortgages at this low rate when the rates may jump back soon.

With the number of sales compared to other years, they would be nuts!

They can cherry pick right now - why not? They're in it to make money!

The banks will do whatever works for THEM.

The lenders are saying they can't write stufffast enough. I am suspicious.

I don't buy into conspiracy theories.

Not really, historical low rates are flooding the market here 

No, I do not. A

I agree with Caroline Gerardo on this one. 30 year rates should be at 2.375% but they are not. There is a point of no return and we are there. The demand for loans would be more than they can handle at that rate. In 2006-2008, I saw the same thing as rates didn't fall below 3.375%. All they did was increase the pricing. We're seeing the same thing today. We are spoiled by these low rates and have been for a long time. I cringe every time people say "Wow, those rates are high", when they are only in the low 3's. I remember when I was thrilled when I got my first loan and it was in single didets. People should be thrilled now

As a man who endured very high double digit rates years ago, I think rates are artifically low!

Rates are historically low, not sure why you think they’re high?

Theoretically it could be happening but I wouldn't "believe" it. 

No.

I have a hard time keeping track of what's going on in my head... I don't need the confusion of mind reading others Donald Urschalitz .

Yes.

That's not the lender's role, job or even interest.

of course I do.  They have to be able to sell them.  They will ease down more, but I understand it.

I had not given this any thought. 

In Toronto Canada, our housing pricing has surged. I think to prevent even more population from confining to the GTA, they are keeping mortage rates high, not so much to prevent house ownership, but to try to have more Canadians relocating outside of Ontario and Quebec. 2.89% on a $500,000 condo is a lot more than 2.89% on a $150,000 home outside of the GTA.

I not sure they really care ?