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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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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