Friday, July 17, 2015

Mortgage Limits May Increase

My website: www.sandralew.com

That's good news as it's easier to qualify for a conforming loan than a jumbo loan. Also, jumbo loans due to higher loan amount comes with a higher price tag on the interest rate. If baseline jumbo thresholds rise more it should encourage more to buy and move into higher priced homes.

Mortgage Limits May Increase

With home prices still climbing, baseline jumbo-mortgage thresholds may be raised for the first time in a decade.