'Jumbo conforming' rates could come down
New securitization rules don't apply to most jumbos
By Inman News, Friday, August 15, 2008.Bookmarking Sites
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.
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