Well the wait is over. Last week the new Conforming jumbo rates finally dropped to where they can make a differance.
Loan to $729,750 in LA/Orance Counties now around 5.50% with 1 point cost. What a great improvement.
With rates at this level more people can meet the ever tightening guidelines. Now's the time to push you buyers that are sitting on the fence as we only have until the end of the year before the Jumbo/conforming program goes away.