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Jumbo Mortgage Rates Still Suck

Started by jgr
about 17 years ago
Posts: 345
Member since: Dec 2008
Discussion about
Rates are averaging 2.13% above conforming. With the Fed pushing conforming rates down to 4.5% this gap will only widen. By comparison, the gap averaged only 0.2% during the 2000-2006. http://www.bloomberg.com/apps/news?pid=20601087&sid=aRAdEz_u_fR4&refer=home Jumbo Mortgage Shoppers Get Little Relief From Rates (Update2) Dec. 24 (Bloomberg) -- Jumbo mortgage shoppers in the most expensive U.S. housing markets such as New York and San Francisco aren’t getting much relief from lower borrowing costs.
Response by UES_Buyer
about 17 years ago
Posts: 212
Member since: Dec 2008

According to Manhattan Mortgage Company a 30 year fixed jumbo loan is no 5.875%. Seems pretty good, even if it could theoretically be lower. Several months ago when I checked it was 6.75%.

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Response by raddoc
about 17 years ago
Posts: 166
Member since: Jun 2008

This week CW offered 5.875% for a 30 year fixed jumbo (over $625500) , 80% LTV while WF had 5.125% up to $625500 , 60% LTV.

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Response by shong
about 17 years ago
Posts: 616
Member since: Apr 2008

jumbo rates are pretty good right now. although it was much better a week ago. of course its high if you compare it to conforming.

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