Just off the wire, Jumbo Mtg rate increase.

[GA-Rain]

http://money.cnn.com/2007/08/07/real_estate/jumbo_jam/index.htm?postversion=2007080710

 

[BeachSiO2]

It seems that ALMOST every loan in sowal would be a Jumbo with the 500-600,000 price tags. This could get interesting if other banks follow suit.

 

[Mango]

I'll be at the pool today heavily medicated.

 

[Cork On the Ocean]

Holy cow! I just got in under the wire last week. That's quite a jump I would have been joining you Mangy.

 

[Mango]

Holy cow! I just got in under the wire last week. That's quite a jump I would have been joining you Mangy.

Can't you join me anyway and bring me a mojito? or two, or three?

 

[SHELLY]

I'm guessing that the multitude of $400-$450K condos on the market will be repriced to $399,999.95.

:scratch: What effect will that have on the condos that are now priced higher and lower?



.

 

[scooterbug44]

I thought the cutoff for jumbo was $417,000?

Either way, I think there will be alot of fancy footwork to beat the "magic number". :roll:

 

[BeachSiO2]

Actually in the article it says the limit is 417k like Scooterbug said so the ceiling will be 521k with a 20% down payment. How many 525k condos just got moved to 520k, and on and on...

 

[SHELLY]

Actually in the article it says the limit is 417k like Scooterbug said so the ceiling will be 521k with a 20% down payment. How many 525k condos just got moved to 520k, and on and on...

20% Down Payment??

How many people in the US know what a "Down Payment" is??


.

 

[scooterbug44]

Having at least enough to pay for 1/5 of what you're buying............why does that NOT sound unreasonable to me?