Jumbo mortgage

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Housing market trends are stifling the jumbo mortgage market

Mar 21, 2019By

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.”

3d rendering of a row of luxury townhouses along a street

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