Rise in Conventional Mortgage Rates is Good News for Jumbo Loans
The recent rise in mortgage rates for conventional loans has created quite a buzz in the real estate industry. Analysts are busy trying to predict how this will impact the sale of homes since the overall market has steadily increased for several months. However, the people that are in need of a jumbo mortgage are quite happy. The normal gap that exists between conventional rates and jumbo rates has shrunk, providing the jumbo purchases a chance to get a loan at a great rate.
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