Some current real estate issues coming across my desk. First, as we all
are probably aware, credit has been extremely tight the pasts few
years, especially for borrowers in the jumbo arena. Most creditworthy
borrowers have struggled to secure home loans of more than $729,750.
This is the cutoff for conventional conforming loans backed by Fannie
Mae and Freddie Mac.
As of July, the number of lenders offering jumbo loans has jumped, and the typical rate as decreased from almost 7 percent a year ago to about 5.5 percent. Stats as of this summer have sales of existing homes priced at $750,000 and above jumping 30 percent. Read More
As of July, the number of lenders offering jumbo loans has jumped, and the typical rate as decreased from almost 7 percent a year ago to about 5.5 percent. Stats as of this summer have sales of existing homes priced at $750,000 and above jumping 30 percent. Read More
No comments:
Post a Comment