Tuesday, July 26, 2011
Jumbo Loan Rates Continue Hovering Below 5%
Mortgage Delinquency continues to be a problem. It is our view that this could take several more years to run it's course. Average days till a home goes from first missed payment to getting listed as a foreclosure is roughly 1.5 to 2 full years in most states. The chart below is showing that over 10% of all mortgages are at least 60 days.
Here is your jumbo mortgage rate chart as well:
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1 comment:
Hmm interesting information. I wonder what this means for people looking to buy a new home- is this better or worse for them?
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