Real estate blog entries tagged with jumbo loans by Fred Roven (Martha's Vineyard Buyer Agents)

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jumbo loans: Where do we go from here? - 02/01/08 12:44 PM

Our clients continue to ask opinions on where the market and interest rates are headed. From my vantage point, we are looking at another cut in March of the rate at which the FED loans funds. This would bring the rate down to 2.5%. That is still not as low … (4 comments)

jumbo loans: Conforming to What? - 01/24/08 04:49 PM

Our friends in Washington seem to think raising conforming loans to $625,000 and up is a way to handle the current "crisis". I am not convinced. The conforming amount for Martha's Vineyard will probably be $700,000. The fixed rate will end up below 6% maybe as low as 5.25% before all … (0 comments)

jumbo loans: What about the slide? - 01/23/08 05:08 PM

Last Thursday Ben Bernanke announced his intention to recommend a further cut in the prime rate charged to banks. My market currently has 20% fewer listings this winter than last. Interest rates had been declining for a week prior to that announcement and have continued the slide possibly in anticipation of … (1 comments)

jumbo loans: The Rates they are a'falling - 01/23/08 04:44 PM

I just had a phone call from a mortgage broker. His rates have dropped tonight to 5.25 for conforming loans. Their re-fi's have spiked over 30%. This is activity and rates not seen since mid 2005. I expect another rate reduction at the scheduled FED meeting, possibly another 1/4 point. If … (6 comments)

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