What about Jumbo Loan?

Apr 26th 2009

Related Posts: Credit & Finance, Real Estate News, What If Realty News

hi
Mortgage experts say that lenders will soon begin making loans between $625,500 and $729,750 in high-cost housing markets now that Fannie Mae and Freddie Mac have issued underwriting standards. Starting May 4, Fannie Mae and Freddie Mac say they’ll start buying loans up to the new conforming-loan limit of $729,750 from mortgage lenders. As more lenders originate loans in this jumbo range, the rates on them should begin to fall. It remains to be seen, however, how much they’ll drop.

Source: San Francisco Chronicle, Kathleen Pender (04/23/09)
© Copyright 2009 Information Inc.

 

This entry was posted on Sunday, April 26th, 2009 at 4:46 am and is filed under Credit & Finance, Real Estate News, What If Realty News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. What about Jumbo Loan? · Real-Estate.ExplainedOnline.Net said at April 26th, 2009 at 5:01 am

    [...] Original post by What If? Realty Florida [...]

  2. What about Jumbo Loan? · Real-Estate-Investing.ExplainedOnline.Net said at April 26th, 2009 at 5:26 am

    [...] Original post by What If? Realty Florida [...]

  3. What about Jumbo Loan? · Invest-In-Real-Estate.ExplainedOnline.Net said at April 26th, 2009 at 5:57 am

    [...] Original post by What If? Realty Florida [...]

  4. traci young said at October 10th, 2009 at 6:17 am

    I found this information very helpful. It is great info and I added it to my list. Look forward to reading more from you in the future.

Leave a Reply