Harry Dinham, president of the National Association of Mortgage Brokers, points out that lenders will attempt to prevent foreclosures if possible.

FORBES: Magazine Article

By comparison, the spread between 10-year Treasurys and a standard 30-year fixed-rate mortgage is just 1.93 percentage points, near historical averages, according to mortgage-data provider HSH Associates.

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And Ray Boulger, of mortgage brokers John Charcol, points to an even more fundamental trend - just not enough houses are being built.

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