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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (149586)9/23/2008 4:51:18 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
yeah, this can't bode well for the socal and bay area markets AT ALL



To: Jim McMannis who wrote (149586)9/23/2008 4:57:02 PM
From: Peter VRead Replies (1) | Respond to of 306849
 
729K is the new jumbo limit for certain areas, like all of the California coastal metropolitan areas, sillycon valley, etc.



To: Jim McMannis who wrote (149586)9/23/2008 5:12:44 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
The change in Jumbo rates are particularly impressive, but the entire range of rates are higher.




To: Jim McMannis who wrote (149586)9/24/2008 11:25:22 AM
From: Les HRead Replies (2) | Respond to of 306849
 
"you're talking about the jumbos right? They don't want to loan over 729k. Mortgages for more than $417,000 are called jumbo loans because they have been too large to be purchased, packaged and sold to investors by the two, big, government-chartered mortgage companies. 729k must be for new conforming Jumbos."

The increased loan limits will soon expire on December 31st.


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