Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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