We reported last week in Headlines & News that conventional mortgage rates are moving up more quickly than rates for jumbo mortgages.
Read our article: The Spread Between Conventional Mortgage Rates and Jumbo Rates Vanish.
In times past, conventional mortgage rates were 0.2 to 0.3 of a point below jumbo mortgage rates. But today, rates are about the same for both conventional and jumbo home mortgage.
“Rates for a conventional 30-year fixed mortgage are averaging 4.48 percent, according to Bankrate. For “jumbo” mortgages — those above $417,000 in much of the country — the average is 4.47 percent,” Time reports.
The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.
We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.
Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.
