Sunday, March 22, 2009

Good News For The Jumbo Loan Market

Several lenders are about to once again begin originating jumbo loans between $750k and $1.5m at interest rates in the upper 5% range. This is great news for our area as much of our inventory falls in this price category. We expect this will have a good impact on our local market and help move some of our higher priced inventory....

Read the full LA Times story HERE.

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