Loans are usually categorized in three tiers: conforming loans to $417k, high-balance conforming loans from $417k to $625k and jumbo loans above $625k.
In addition, rates usually move up the three tiers by loan amounts.
According to a blog by Julian Hebron, jumbo rates are currently about .25% lower than high-balance conforming rates.
It could be a short term phenomenon that jumbo rates are the same or lower than conforming loans, but for now it’s good news for rate consumers with loans above $417,000.
Jumbo rates come in lower than conforming rates | HousingWire.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
This website uses cookies.