Why the Jumbo Mortgage Market Has Gone Dry
Submitted by Cindy Daniels (bestcashcow.com)
It's becoming harder and harder to get a jumbo mortgage. Here's why.

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Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change. One example provided by the article is Bank of America which...
It's becoming harder and harder to get a jumbo mortgage. Here's why.
If you are planning to buy a home and take out a mortgage $417,000 or over, you might be in trouble. The rates on these mortgages are climbing fast.
In Massachusetts even borrowers with good credit are having trouble getting a jumbo mortgage. The credit crisis seems to have spread beyond just the sub prime market.
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Type
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Top APY/Rate
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Institution
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2.51%
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Everbank
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0.38%
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W&R Advisors
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1.65%
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TotalBank
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1.65%
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The Jacksonville Bank
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2.25%
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Academy Bank / The Jacksonville Bank
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2.25%
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Security Savings Bank
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2.60%
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The Jacksonville Bank
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3.00%
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Flagstar Bank / Hudson City Bank
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3.25% |
FlagStar Bank / Hudson City Bank |
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3.50%
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Acacia Bank
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|
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3.36%
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US Treasury
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4.51% |
Bank of the Sierra |
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1.64%
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Northrop Grumman CU
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2.30%
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Alliant CU
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2.55%
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Alliant CU
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3.00%
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Alliant CU
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0.09%
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Various brokerages
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0.14%
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Various brokerages
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0.91%
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Various brokerages
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2.35%
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Various brokerages
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3.47%
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Various brokerages
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See more product and rate information