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Jumbo Mortgages are back

When the subprime meltdown occoured, subprime mortgage weren't the only thing to melt down. Jumbo mortgages took a major hit. they went from the high 6's to the low 8's. They moved back again and how. You can now get in the low 6's again. One of the wholesalers we use will allow you to go stated income with no asset documentation and still get in the low 6's.

Hopefully this will give the luxury market a shot in the arm. This end of the market usually gets hit the hardest.

http://getprequalified.com

Posted by Dave Mason on 11/19/2007 09:52 AM

Comments (1)

jumbo mortgage rates, refi, luxury real estate, real estate, mortgage rates, mortgages, jumbo, jumbos, low rates

1 Comments on Jumbo Mortgages are back

Numbers are changing slowly but surely, we are heading for a turnaround just no one wants to be the first to say it's happening. Well it's happening......MARCH is the month to keep on your calendars.

11/19/2007 10:02 AM

by Ryan Haddock (Sound Advisors)

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Mortgage Company: GetPrequalified.com LLC

Dave Mason
Scottsdale, AZ
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GetPrequalified.com LLC

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