Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
W S
Lending / The Ticker

Jumbo rates come in lower than conforming rates

/ Print / Reprints /
| Share More
/ Text Size+

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.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus