7.11.2016

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.


No comments:

White House considering new tax-deferred accounts to encourage investing

CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...