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Mortgages: Jumbo Rate Spike

By
Mortgage and Lending with Southwest Funding

As the subprime mortgage market mess continued to make itself felt more widely, the reassessment of mortgage risks crossed over more heavily into the jumbo mortgage markets this week. The pullback in credit availability for even good-credit quality borrowers helped widen the spread between conforming-loan rates and those of jumbos, as buyers for usually desirable jumbo paper have all but vanished of late.

DFW Loan Officer

Jeff Schraeder

Imperial Mortgage 

 

Larry Wright
nwRealty.Com - Tacoma, WA
I was afraid/expecting that to happen.  But I still don't think we're heading for a "doom and gloom" market.
Aug 13, 2007 07:24 AM