FEATURED ARTICLE: Death Of Mortgage Refinance Pt. 2.
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 the top chart shows, 30-year fixed rate jumbo mortgage rates are going for a post-crisis low, a rate not seen since 2005. With a few scattered exceptions, the rate you get today is about as low as it has ever been in history. Conforming rates are still very close to all-time lows. As the second… Read more
Recently much of the news regarding jumbo mortgages has been about the limited availability of true jumbo loans as well as the strict underwriting of conforming jumbo mortgage products. Conforming jumbo mortgages are backed by Fannie and Freddie and have a loan limit of to to 729k with higher jumbo loan limits coming in some high cost areas. Conforming jumbo loan limits vary from county to county based on median home values. Jumbo Mortgage Rates are Excellent True jumbo mortgages, above… Read more
True jumbo mortgages, above jumbo conforming mortgage limits of up to $729,750, are being offered at as low as a 5.75 percent interest rate, with average points and fees. Our research of various Lender’s jumbo mortgage rates, including Chase, Wells Fargo, AimLoan.com, GMAC, Ditech and others shows a great variance lender to lender so borrower savvy is key when shopping for the best jumbo mortgage rates. 5/1 ARM Jumbo Mortgage Rates are Very Good The best option in today’s jumbo mortgage… Read more
Is there some actual signs the real estate market is coming back to life? So for in 2009 the the mortgage industry has seen it’s lowest interest rates in 50 years. The government has given unprecedented tax credits up to eight thousand dollars just to buy. Refinancing is showing signs of life with long term mortgage rates in the 4.5% range. Refinancing a loan over $417,000 though may not be so easy. Jumbo mortgages are loans go beyond the limits of conforming loans which are backed by… Read more
On April, 05 2010, MI will be boosted to 2.25 and minimum credit scores will be raised. Read about this and other NEW FHA Loan Guidelines.
Delaware Mortgage - DE Mortgage Blog - John Thomas talks Delaware mortgages.
Minnesota Mortgage - MN Mortgage Blog - Josh Manier talks Minnesota mortgage.
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