I don’t think there are any details yet. The market isn’t going to gobble up mortgage backed bonds without studying the risks…
Just because the limits were raised, buried into the “stimulus package” I think it could easily be 6 months or longer before loans are actually available, and the rates for the higher limits will probably be priced much higher than the conforming limits are today.
It is also possible that the FNMA/FHLMC raised limit rates will be higher than what jumbo rates are at today. (Oh My!)
The govt is serving up kool-aid in 5 gallon buckets to all that wasnt to drink it. I don’t even want a shot glass of their poison.
It’s an election year full of lies and deceit.
Hang on to your wallet.
