do banks make money on mortgages?, page-9

  1. rebel1
    26,696 Posts.
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    26/10/12
    00:41
    Post #: 10913409
    I agree, however say the average rate is 7%...the most they can make is 7% assuming it costs nothing to obtain the money and staff etc...

    they are paying depositers 4% so then the max is 3% profit...


    so even if they made billions on home lending...its still a small percentage return...
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