Jumbo Rates Finally Fall

Mortgage and Lending with Cal Metro Mortgage

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. 


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