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3 November 2014
Jumbo mortgage rates are at 25-year lows[http://www.barchart.com/chart.php?sym=AFX30JUS.RT&t=LINE&size=M&v=0&g=1&p=MO&d=X&qb=1&style=technical&template=] , beating interest rates on traditional, conforming loans.At first glance, that doesn't make sense because jumbo loans are for expensive homes.
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1 November 2014
When shopping for a home or looking to refinance, everyone wants to know what kind of deal they can get on a mortgage.Of course, some people end up paying considerably more than others.Some of the reasons for that are fairly obvious, others not so much.
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22 May 2014
Jumbo loan rates are very close to conforming loan rates in many markets, making bigger, more expensive homes more affordable while allowing buyers to stay within their budget.
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9 April 2014
Lenders are introducing more mortgage offerings for jumbo loans, an indication that mortgage credit is easing for high-end borrowers even while it remains tight for everyone else.
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21 January 2014
The reduced FHA loan limits that took effect at the end of last year are expected to have an outsized effect on minority borrowers and potential homebuyers in metropolitan areas in general, according to a new analysis from the Urban Institute.
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9 December 2013
Starting on New Year's Day, high-value homebuyers will have to scale their ambitions back a bit if they plan to use an FHA mortgage.
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11 October 2013
Housing and mortgage industry trade groups are banding together to press the Federal Housing Finance Agency (FHFA) to hold off on its plans to reduce the size of mortgages that can be approved by Fannie Mae and Freddie Mac.
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4 March 2013
Interest-only mortgages are making a bit of a comeback, at least among the very wealthy.
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2 March 2013
Need a jumbo mortgage but you don't want to pay a jumbo mortgage rate? You might consider a piggyback loan.
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27 June 2011
A scheduled reduction in mortgage limits on government-backed loans could make about 1.4 million U.S.home ineligible for the most affordable and accessible types of mortgages, according to the National Association of Home Builders (NAHB).
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17 May 2011
High median-home prices mean that buyers will require an expensive jumbo mortgage unless they use one of these strategies.
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14 January 2011
(Updated Oct.2014).
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2 December 2010
They say that bigger is better.And that adage may be true with respect to jumbo mortgage loans.With a jumbo mortgage, you generally get a bigger home, bigger debt balance, and bigger monthly payment.
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10 November 2010
Jumbo mortgages may be making a comeback, as lenders loosen their purse strings to approve more of the high-value home loans.
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30 August 2010
Planning ahead has its advantages.It can keep you out of trouble with the IRS, protect you from financial disaster, and help you retire in style.More immediately, thoughtful planning can bolster your confidence about purchasing that expensive home you've been eyeing.
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