Real estate blog entries tagged with conforming loans by Claudette Millette - Metrowest Mass Buyer Broker (The Buyers' Counsel)

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Home : Blogs : Claudette Millette - Metrowest Mass Buyer Broker : Massachusetts Real Estate News & Opinion by Claudette Millette : Tag "conforming loans"

conforming loans: Jumbo Loans are Back in Play for Massachusetts Home Buyers - 09/19/09 08:20 PM

For home buyers in the Greater Boston, Massachusetts area a jumbo loan means one that exceeds $523,750. Over the past two years, rates on these loans have skyrocketed, effectively putting a damper on this end of the real estate market.
Home buyers with large mortgages are now getting some relief from huge monthly payments as rates on jumbo loans have started to fall. As lenders have decided that it is now safe to reenter the upscale housing market, rates have fallen to around 6 percent. This narrows the gap between conventional loans and jumbos to 1 percentage point.
Housing prices in Greater … (3 comments)

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Claudette Millette - Metrowest Mass Buyer Broker

Ashland, MA

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