September 29, 2013

Mortgage Interest Rates

Mortgage loans are classified as conventional (less than $417,000) and jumbo (loans above $417,000). In the past, interest rates for jumbo loans were higher than those for conventional mortgages.

Now, lenders are advertising rates 1/4 to 1/2 percent lower for jumbo loans.

Another nice boost for the shore real estate market.

If you would like to talk to an area mortgage representative regarding a purchase or re-finance, I am happy to provide recommendations.

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Mortgage Interest Rates

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