Jan 24 2008
Florida Jumbo mortgage help from Washington?
The House has changed their position and is now pushing to increase the mortgage loan limits set by Fannie Mae and Freddie Mac. Currently that limit is set at $417,000 and is expected to jump to $625,000 across the board.Â
This change could dramatically improve the lives of many Florida residents seeking jumbo mortgages. The difference in jumbo interest rates from the conventional loan size is about .625% to .750%. Keep an eye on this one because mortgage seekers for these jumbo mortgages should be excited.
Leave a Reply
You must be logged in to post a comment.