Jumbos gone wild

Check out the mortgage rates offered at Schwab. They used to be very competitive. Also note that the Jumbo line is still at the old $417,000, so the super-conforming legislation didn’t really help things. I’m guessing the Countrywide quote below is stale and unavailable. If these rates hold, the high-end market is really in trouble.

If there are any mortgage brokers or others out there with access to rate sheets as of 7/11 or later, are you seeing the same thing?

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