Lower Interest Rates on Jumbo Loans!!!

This is unprecedented! Jumbo Loan interest rates are LOWER – yes, LOWER – than traditional conventional loans. In my previous blog posts, interest rates for Jumbo Loans have always been more than traditional loans rates because the risk is higher on a more expensive home. But now, with the traditional interest rates increasing, Jumbo mortgages are an attractive investment, and the Lenders are rewarding their Jumbo Loan customers with lower Interest rates.

According to, “A combination of interest rate volatility, government policy and banks flush with cash has made jumbo mortgages more attractive than conforming loans. As The Wall Street Journal explains:

Executives say the inversion in the so-called spread, or difference, between jumbo and conforming loans is unprecedented. “In my 30-year career, I’ve never seen nonconforming loans priced below conforming loans,” said Brad Blackwell, executive vice president of Wells Fargo Home Mortgage.”

This is a great time to buy that Luxury Home on the Outer Banks, especially with the lower Jumbo Loan rates. Give me a call and I can go over what we can do to take advantage of these lower rates!

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