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:

1 comment:

Max said...

Hmm interesting information. I wonder what this means for people looking to buy a new home- is this better or worse for them?