Monday, April 5, 2010
If you have been in the market for a jumbo residential mortgage loan (over $417,000, with some exceptions) in the past year, you know how difficult it is to get that type of financing, and the rates have been most unattractive. Good news-- the New York Times is reporting that the stranglehold on jumbo mortgages is loosening up, and those loans are becoming more available at more attractive rates. Read all about it at http://www.nytimes.com/2010/04/04/realestate/04mort.html?emc=tnt&tntemail1=y. The article focuses on the New York tri-state area, but if it's happening there, it's bound to be happening in Massachusetts as well.