3 hints for getting the best jumbo loan rate
While traditional, 30-year, non-conforming loans are hitting all-time-low interest rates, buyers are still struggling with high interest rates on jumbo loans (loans over $417,000) which has affected the higher priced homes, and their ability to close, which in turn brings down the median price of homes over all, which in turn continues to lead to bad press on the overall housing market, etc. etc....
Read MoreLuxury Homes – Hot Real Estate Market Right now
photo credit: sweetjewels1985 If you thought all real estate was soft right now you thought wrong. The luxury real estate market is going gangbusters. The theory is, a luxury, or 2nd home, is like owning fine art and it is an issue of prestige. In fact you may want to take a look at this “cute” little property – a mere 62,000 square foot bungalow in Florida which fronts to,...
Read MoreFed sees hope for jumbo loan market
photo credit: blairstirrett For those of you hoping to purchase a home using a jumbo loan (loans over $417,000) Federal Reserve Chairman Ben Bernanke announced today that he sees promise, for this market, in the recent economic stimulus plan passed by Congress. While there may still be a certain amount of push back for letting Fannie Mae and Freddie Mac purchase and guarantee these loans,...
Read MoreEven cats love the ice cream man
Advertisement
