A new report shows delinquencies are up in the jumbo mortgage sector. My gut tells me these are concentrated in the 500k to 1.5M range.
A post at the Wall Street Journal points out some of the challenges in the jumbo market.
Todays sample prequal: $400,000.00 refi, 745 FICO. 5.375%, 30 year fixed w/ 0 points.
Have any questions? Looking to apply for an FHA or jumbo mortgage in Washington DC, Virginia, Maryland, or Florida? Just email me or reach me on Twitter and I'll be in touch.
2 days ago
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