Posted on November 22, 2013 - 11:58 AM
by Carolyn Donnelly
Interest rates for jumbo loans more than $417,000 are becoming a better bargain than conforming loans. Some lenders are offering more than a quarter point less for a jumbo mortgage than for a conforming loan. Generally, banks charge higher rates on jumbo loans, but recently that has reversed.
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Carolyn Donnelly, P.A. Coldwell Banker Res RE
Sarasota & Longboat Key, FL Phone: 941-350-9900