Jumbo Mortgage Rates - Still dropping?

I'm locked in at 4.375, jumbo, no points. Let me know if you can get it lower.

4.375 for what term?

nyc10023, is that the 7yr you were talking about? IO or P&I?

nyc10023 - which bank?

Yes. 7/1, P&I, no points, Chase, 4.375.

LTV = 70/30 and high 700s scores.

Im assuming this is for a loan amount less than $729,750? If so, we're an 1/8 less. sunny.hong@bankofamerica.com

Sunny, I thought he said jumbo. Where are you for a $2 million plus loan?

Sunny, it's jumbo. I have not heard of anything less for a jumbo.

nyues - its nearly impossible to quote a reat without knowing the scenario. But nowhere near 4.375 on a 2M loan amount.
nyc10023 - are you going through Chase private banking?

suuny- refinance 30yrs on 650k?

Yes.

Nyues: I suggest you talk to your private banker. If you don't have one, now might be the time to sign up with one (no minimum balance req'd). If you are looking at 2mm mtge, they should be happy to deal with you.

Bubbles-high 4s but its difficult to say exactly without more info.

NYUES: It's hard to predict how much lower jumbo rates may decline, but most jumbo rates are currently at their all-time lows.

Without knowing much more about your particular scenario, assuming your LTV was 70 or less and you have good liquid assets you could get 4.25% with 0.75 points on a 7yr Arm (Interest Only or Amortizing). Feel free to email me at nycmortgage@gmail.com if you'd like more details.

bubbles try schwab bank