Mortgage News: Jumbo Loans Get Easier

It’s getting easier to finance and refinance with a jumbo mortgage because lenders are reducing qualification standards. Here’s why.

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With mortgage interest rates so low, it’s a great time to refinance. This can be especially true if you have a jumbo mortgage loan: Bigger mortgage = bigger savings when you refinance. With the 30-year rates for jumbo mortgages averaging right around 5.3% to 5.5% and the 15-year refinance rate... Read more
What’s the big deal about jumbo loans? In case you haven’t heard, they’ve become more affordable. Speaking to The Wall Street Journal a few weeks ago, LendingTree Chief Economist crunched some numbers to show the difference in interest rates for a jumbo loan and a conforming 30-year fixed loan.... Read more