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.
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Type
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Interest Rate
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Institution
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4.76%
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EverBank
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2.54%
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Fidelity
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3.85%
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Crestmark Bank
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4.25%
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Corus Bank
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4.75%
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Corus Bank
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4.36%
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E-Loan
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4.78%
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State Bank of India
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5.09%
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State Bank of India
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5.30%
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State Bank of India
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4.84%
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US Treasury
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|
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3.50%
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Federal Home Loan Bank (state and local tax exempt)
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3.67%
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Northrop Grumman FCU
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4.06%
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Melrose CU
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|
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4.22%
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Melrose CU
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4.32%
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Melrose CU
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1.71%
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Various brokerages
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1.91%
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Various brokerages
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2.26%
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Various brokerages
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2.98%
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Various brokerages
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3.73%
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Various brokerages
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