Is 4.25% the Floor?

Cutting to the Bone

Can 30-year mortgage rates -- now quoted at a previously unheard of 4.25% -- go much lower?

Regardless of what the economy (or Fed) does from here, it may be hard for rates to decline much more, simply because banks' overhead to originate and service mortgages is about that much (or so I hear from one local lender).

What's that line about a particularly clueless merchant?

"They lose money on every deal, but make it up on volume."