Mortgages Updates
What’s a jumbo mortgage? One for more than $417,000. Home Equity Loan The subprime market is dead. Jumbo loans got lumped in with subprime loans. While regular mortgage loans have seen their interest rates drop over the past year, jumbo loan rates have increased. The Dallas Morning News reports: For months, mortgage lenders have been backing away from borrowers with spotty credit, all but closing down the so-called subprime mortgage market. More surprisingly, they’ve also been increasingl
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