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…
Jumbo Mortgage Rates at Record Lows, Jumbo Market Thawing
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
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
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.
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
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
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
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
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…
Jumbo Mortgage: Vicious Circle In The Jumbo Mortgage Market
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…