tag:blogger.com,1999:blog-7116655923089210472.post2160261046165745943..comments2023-08-25T17:49:44.412-07:00Comments on Thoughts of a Sensible Mortgage Banker: Why is your jumbo mortgage more expensive now?The Editorhttp://www.blogger.com/profile/10962625735760822645noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7116655923089210472.post-51333859718368403492009-06-10T23:49:14.336-07:002009-06-10T23:49:14.336-07:00Jumbo rates seemed to creep down for a while durin...Jumbo rates seemed to creep down for a while during the past year despite the cash crunch at the banks. The massive capital infusions were intended to increase lending, but it's not certain that they had that affect. The number of bank loans didn't shoot up dramatically with the infusions. The reluctance to lend seemed to be mostly based upon anaylysis of default rates. And now we're seeing the rates for conforming and jumbo loans creep up again even though a number of the big banks are trying to extract themselves from the TARP program, saying they are sufficiently capitalized. I think it's become more clear that the mortgage rates will continue to be tied to the international demand for U.S. treasuries. As the foreign governments (China in particular) become less satisfied with the U.S. fiscal policies we'll see more interest rate increases.<br />Thanks for your post!Rancho Santa Fe Homeshttp://www.sdrealtypros.com/rancho-santa-fe-homes/noreply@blogger.comtag:blogger.com,1999:blog-7116655923089210472.post-75694629864934699432009-05-11T19:16:00.000-07:002009-05-11T19:16:00.000-07:00Make sure to know the state of your finances befor...Make sure to know the state of your finances before contacting your lender. Determine how much income you're bringing in each month, how much you're paying in bills and where you can cut costs. Just a tip!Joseph Aldeguerhttp://television.aol.com/show/making-money-in-real-estate-with-joe-aldeguer/87293/mainnoreply@blogger.com