Jumbo Mortgage Market Beginning to Thaw
Click the link above to read today's message regarding the Jumbo Mortgage Market!
In the boom years of 2005 and 2006, interest rates were typically no more than a quarter of a percentage point higher on jumbo loans than on conforming loans, according to Informa Research. That widened as the mortgage meltdown intensified and home prices dropped in late 2007. The spread ballooned to nearly 1.7 percentage points in early 2009 after the entire credit system froze.
Enjoy!
Comments(0)