Jumbo and Super Jumbo Mortgages

Jumbo mortgage and super jumbo mortgages are available and are used more frenquently lately. The percentage of homes bought with loans greater than $729,750 has been increasing and loans over $2 milion a sign that the market has taken a good turn.
Jumbo and super jumbo mortgages are up 27.8 percent for the loans issued in Feb. in this area still below the normal market. Just 6 months ago the interest rates were around 7 to 8 percent. Now the jumbo rate is closer to 5.75 percent.

This is especially important to the agents who work with the luxury, estate, and mansion part of the market. The fact that the market is releasing more money in the form of Jumbo and Super Jumbo mortgages to these homes indicates the market is healing.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!