Wednesday, June 20, 2012

Historic Jumbo Mortgage Rates: Prudent Borrowers Rewarded

Jumbo Mortgage Rates continue to hover at historic lows but we have noticed a trend among investors of extreme diligence on ensuring ultra high loan quality. This weighs heavily on a client that has a complex financial picture as the time and paperwork required is a few steps removed from an IRS audit. Especially if a client owns a few companies or has creative accountants. Here are the charts that tell the story of where mortgage and select real estate markets are currently at:

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