I know everyone makes a big deal out of interest rates being so low.

I say, why are they so high? I think they could easily be up to two points lower than where they are.  You heard me right. At least two points lower.

So mortgages fetching about 6.75 percent "now," could easily be 4.75 percent, maybe even 4.5 percent for a 30-year loan.

But they're not.  Why not?

Because what banks charge you for money is way out of whack with what they themselves are paying for that money.

Keep this figure in mind: 2 percent. 2.0 percent.  That's what banks are paying for overnight money from the Federal Reserve.  Yet on their loans — mortgages being the cheapest among them — they're charging more than three times that!

That's not a spread, my friends, that's a sin!

I can see locking in a profit. But gouging for one is another thing entirely.  A pad for uncertain times, I can see.  Buttressing yourself against applicants who might not pay, I can see.  Maybe allow two extra points of cushion room — the historical norm — I can see.  OK, I'll give you three — if you're really greedy — that I can stick my nose in the air and say, OK, I can "kinda" see.

But four, four and a half, five points, as some lenders are doing? I don't think so.

The sad fact is many of us are just shocked to see rates as low as they are.  I'm here to tell you the focus shouldn't be on us saying thank you.  It should be on the banks themselves, who are all but saying screw you.

Now, who's exactly zooming whom?

What do you think?  Send your comments to: cavuto@foxnews.com

Watch Neil Cavuto's Common Sense weekdays at 4 p.m. ET on Your World with Neil Cavuto. 

Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.