Conforming Jumbo Mortgage Refinance Hot, Interest Rates Low

By: Rosemary Rugnetta | September 1, 2010 at 8:26 am

September 1, 2010 (FreeRateUpdate.com) – Conforming Jumbo Mortgage Refinance Hot, Interest Rates Low While mortgage rates continue at record low levels, overall volume of refinances have continued…

“High Balance” Jumbo Mortgage Rates are near Conforming Rates, Well Below Super Jumbos

By: Vanessa Rodriguez | August 26, 2010 at 3:10 pm

August 26, 2010 (FreeRateUpdate.com) – Interest rates between high balance jumbo mortgage loans and conforming mortgage loans continue to narrow. As of this writing, the rate on a 30 year fixed…

Jumbo Mortgage Rates Continue to Fall

By: Rosemary Rugnetta | August 26, 2010 at 10:42 am

Just as conforming mortgage rates continue to be unpredictable, the same can be said for the jumbo mortgage rate market. As the housing market continues to correct itself, mortgage rates across the…

Jumbo Mortgage 101: How to Find Your Counties Conforming Jumbo Loan Limit

By: Vanessa Rodriguez | August 25, 2010 at 7:00 pm

August 25, 2010 (FreeRateUpdate.com) – Conforming loan limits are set by two government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac. These loans are labeled “conforming” because…

Big Banks Aggressive in the Jumbo Mortgage Market

By: Vanessa Rodriguez | August 10, 2010 at 2:39 pm

August 10, 2010 (FreeRateUpdate.com) – What do you get when you couple super-low interest rates with stifling government regulation? Big banks would respond: Opportunity. As President Obama…

Qualifying for a Jumbo Mortgage in the Post Boom Era

By: Melinda Wright | August 7, 2010 at 1:23 pm

August 7, 2010 (FreeRateUpdate.com) – Jumbo mortgages are home loans that exceed the conforming limit, or the maximum loan amount that Fannie Mae and Freddie Mac, the two government sponsored…

Super Jumbo Loans Making a Comeback

By: Melinda Wright | August 4, 2010 at 10:44 am

August 4, 2010 (FreeRateUpdate.com) – For the past several years, the high-end housing market has stagnated, thanks to the jumbo (and super jumbo) loan market all but disappearing. However…

Why Jumbo Mortgage Rates are Higher than Conforming Rates

By: Vanessa Rodriguez | July 30, 2010 at 4:20 pm

July 30, 2010 (FreeRateUpdate.com) – The difference between conforming mortgage loans and jumbo mortgage loans is simple: lending standards are set by two government-sponsored enterprises (GSE),…

Jumbo Mortgage Rates at Record Lows, Jumbo Market Thawing

By: Rosemary Rugnetta | July 27, 2010 at 1:47 pm

July, 27 2010 (FreeRateUpdate.com) – Finally, things for the mortgage industry are starting to change. As historically low mortgage interest rates have been recently seen in the low to middle priced…

Jumbo Mortgage: Prudent Borrowers Rewarded By Lowest Jumbo Rates Ever

By: Jeff Bowman | July 20, 2010 at 9:39 am

July 20, 2010 (FreeRateUpdate.com) – Solid, ultra low interest rate jumbo mortgage loans are being actively funded by remembering the lending philosophy we relied on before the risk could be passed…

Jumbo Mortgage: Millions Excited About the Savings

By: Jeff Bowman | May 24, 2010 at 3:14 pm

May 24, 2010 (FreeRateUpdate.com) – For the last month we have had a rare confluence of negative geopolitical, economic and environmental events that have pushed jumbo mortgage rates to the lowest…

Jumbo Loan Borrowers: How to Think About Buying Your Dream Home.

By: Jeff Bowman | May 13, 2010 at 5:55 pm

The enormous social pressure and the expectations that come with it lead to misunderstandings and confusion. Here’s my advice to someone in the market: In an era where house prices rise…

Jumbo Loan Borrowers: Risk Major Rate Increase

By: Jeff Bowman | April 14, 2010 at 12:58 pm

Ten’s of Millions of homeowners have adjusted from an ARM with a fixed rate period into a fully adjustable jumbo loan. Following the large drop in LIBOR rates since 2007, floating with the 6-month or…

Jumbo Loans: Post Steroid Lending Era

By: Jeff Bowman | March 25, 2010 at 10:30 am

Mar. 25, 2010 (FreeRateUpdate.com) – The value of luxury homes has been declining for 3-4 years now depending on the particular city. We won’t go into specific markets here as that is better…

Jumbo Mortgage Borrowers Buckle Up For Wild Ride

By: Jeff Bowman | March 12, 2010 at 10:05 am

Mar. 12, 2010 (FreeRateUpdate.com) – The prudent among home owners with a mortgage are locking in the lowest mortgage rates since RCA black and white TVs were the rage in the Sears Roebuck catalog….

Jumbo Loan Borrowers Are Avoiding Mistakes of the Past

By: Jeff Bowman | March 5, 2010 at 2:02 pm

Mar. 5, 2010 — (FreeRateUpdate.com) – Over the years, I have had countless conversations with home buyers about their jumbo mortgages. From 2003 to 2008, a typical a cocktail party or a BBQ…

Fixed Jumbo Mortgage Rates at Historic Lows

By: Jeff Bowman | February 24, 2010 at 11:43 am

Orange County, CA — Feb. 24, 2010 (FreeRateUpdate.com) – Warning: A little technical. This is the Whole Wheat 8 Grain Variety of our ongoing commentary on the jumbo mortgage market. As…

Jumbo Mortgage: Jumbo Loan Borrowers Brace for Tsunami of Luxury Homes Hitting Market

By: Jeff Bowman | February 18, 2010 at 5:45 pm

LOS ANGELES, CA — Feb. 18 (FreeRateUpdate.com) – Standard and Poor’s released an excellent research piece this week detailing the tidal wave of short sale and foreclosed homes that will be coming…

Jumbo Mortgage: Vicious Circle In The Jumbo Mortgage Market

By: Jeff Bowman | February 15, 2010 at 10:26 am

LOS ANGELES, CA — Feb. 13 (FreeRateUpdate.com) – Retail sales came out basically flat, car sales have stabilized (aside from Toyota) and job losses seem to be slowing down. But this long running…

Jumbo Loan Rates: Jumbo Mortgage Rates Suffer from Delinquencies Near 10%

By: Bruno Mckenzie | February 8, 2010 at 3:04 pm

Feb. 8 (FreeRateUpdate.com) – Serious delinquencies on jumbo loans increased for a mind boggling 32nd straight month according to Fitch Ratings (http://www.fitchratings.com/). “The new year has…