Jumbo Mortgages: Price Differences Are Shrinking
For more: http://nyti.ms/fByGNs
If you’re considering taking out a jumbo mortgage, now may be a good time to get the loan. According to data released last week from LendingTree, the difference in price between a conforming 30-year fixed mortgage and a jumbo mortgage for a higher amount was recently at around 60 basis points. (A basis point is one one-hundreth of a percentage point.)