Jumbo loans, those where the amount borrowed is more than $417,000, have been in short supply lately. In many places, they simply haven’t been available. This Los Angeles Times report details for homeowners and home buyers just what has changed in the mortgage market in the past few weeks. Jumbo loans are becoming more available, in more places, and often with better mortgage rates. This means that people who have been waiting to refinance their home now have options available. Buying a home? Read up on how Congress’s increase of the conforming loan limit helps you buy a home in a high-cost market.
Read the whole story at LA Times.
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- See what jumbo loan options are available today.
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