Industry NewsMortgage

‘Jumbo conforming’ rates could come down

New securitization rules don't apply to most jumbos
Published on Aug 15, 2008

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by CareyBot

Changes in the rules for selling jumbo mortgages to secondary market investors could mean lower interest rates for home buyers seeking loans that fall within the new $625,550 limit for purchase or guarantee by Fannie Mae and Freddie Mac in high-cost housing markets that takes affect Jan. 1.