Mortgage

Jumbo mortgages are the new ‘black’

Many investors prefer them over conforming loans

A combination of interest rate volatility, government policy and banks flush with cash has made jumbo mortgages more attractive than conforming loans. As The Wall Street Journal explains:

Executives say the inversion in the so-called spread, or difference, between jumbo and conforming loans is unprecedented. "In my 30-year career, I've never seen nonconforming loans priced below conforming loans," said Brad Blackwell, executive vice president of Wells Fargo Home Mortgage.

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