The Spread between Primary and Secondary Mortgage Rates: Recent Trends and Prospects

December 3, 2012
Mortgage rates have declined to historic lows in recent months, yet the spread between primary and secondary rates has reached very high levels reflecting a number of potential factors affecting originator costs and profits. With the aim of better understanding determinants and dynamics of this spread, the panel discussions in this workshop will bring together representatives of the main originators and the GSEs, other mortgage market participants, policy makers, regulators and academics. This workshop is jointly sponsored by the Federal Reserve Banks of Boston and New York.
Time and Location
Monday, December 3
9:00 a.m. – 5:00 p.m.

Lunch will be served at 12:15 p.m.
Keynote lunch speaker:
President Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston.

Federal Reserve Bank of New York
33 Liberty Street
New York, New York
Agenda pdf
Paper prepared as background material for the workshop
The conference is by invitation only.
This event is open to the press. Chatham House Rules will be in effect for all but the keynote address at lunch; press may report on comments made during the event, but may not attribute remarks to individuals or organizations. President Rosengren's luncheon speech will be on-the-record. Space is limited. To register, please contact Eric Pajonk at or 212-720-1735.
Andreas Fuster, Federal Reserve Bank of New York
David Lucca, Federal Reserve Bank of New York
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