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Jumbo Rates Finally Fall

Wells Fargo was the first lender to raise Non Conforming (Loans above $417,000) from 6.875% to 8% overnight. Now they have decided to lower them to 7%.

Conforming rates remain low...6.250% to 6.375%. With inventory high and seller's anxious it remains a great time to buy in the desert.

Posted by Lori Gray on 10/10/2007 05:57 PM

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Market Update for October 1

Lori Gray (Cal Metro Mortgage)

Home loan demand up as rates tumble NEW YORK (Reuters) - Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday. Market analysts, however, say…

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Lori Gray

Indian Wells, CA

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Cal Metro Mortgage

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October 2007 (2)

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