Just over a year ago, Fannie Mae (FNMA) discontinued its loan program allowing borrowers to purchase a home with just 3% down, thereafter requiring a minimum of 5% down to qualify for conventional … [Read more...]
Conventional Mortgage Rates Are Rising More Quickly Than Jumbo Home Mortgages Rates
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 … [Read more...]
The Spread Between Conventional Mortgage Rates and Jumbo Rates Vanish
Time.com reports that conventional mortgage rates are moving up, and becoming equal to rates for jumbo mortgages. In times past, conventional mortgage rates were 0.2 to 0.3 of a point below jumbo … [Read more...]
