Top Jumbo Mortgage Lenders in Fourth Quarter 2008
Most mortgage rates we see advertised are for conforming mortgages, which for sake of simplicity, are good for loan amounts up to $729,750.
But what about those of us looking for larger loans, otherwise known as jumbo mortgages? Who’s offering them and at what price?
Well, as I recently noted in an article, Return of the Jumbo, it looks as if this type of financing is making a bit of a comeback, after Read more
Higher Priced Home Sales Hindered by Pricey Jumbo Financing
The recent drop in the high cost conforming jumbo loan limit has hurt home sales in higher-priced areas of the country, according to data from the National Association of Realtors.
The latest existing-home sales report revealed that transactions under $400,000 were off just three percent from a year ago, while homes priced at or above $750,000 have declined a startling 47 percent.
“Buyers in higher Read more