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Subject:  Flummoxed: Mortgage Yield Gap Refuses to Shrink Date:  12/24/2012  2:43 PM
Author:  CCinOC Number:  124499 of 128075

Policy makers are disappointed that lower yields on mortgage-backed securities haven’t led to more savings on home loans after the Fed expanded its balance sheet to an all-time high of almost $3 trillion through bond purchases. Bernanke this month called the trend “unfortunate,” and the Federal Reserve Bank of New York held a workshop to examine the issue. [...]

“The Fed is push