Jumbo mortgage

Housing market trends are stifling the jumbo mortgage market

In the years following the financial crisis, mortgage lenders turned their attention to the jumbo mortgage market as high-end clients proved to be a safe and profitable bet. But now, recent trends taken a toll on the jumbo market, causing volume to fall 12% in the last year, a decline that outpaces the overall mortgage market by 5%. “Still, there are few signs banks are changing tack,” The Wall Street Journal stated. “If anything, industry watchers say, they are becoming more competitive.”