WC Varones

Don't lend your hand to raise no flag atop no ship of fools

No jumbo for you!

You may recall that a couple years ago, jumbo mortgage rates went lower than conforming rates.  We speculated that this was due to fixed transaction costs being a larger percentage of smaller-balance loans.

But no longer.  With 10-year Treasuries crashing to record lows and conforming mortgages following, jumbos are not approaching the 3.5% area we saw advertised last year.

Bankrate recently:

There may be a new refinance boom for conforming mortgage debtors, but not for jumbos.


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