Home › Forums › Housing › Jumbo market freezing up (plus details on the CLL increase) › It’s foolish for anyone to
It’s foolish for anyone to assume that the “new” conforming loans will be priced the same way as existing $417K and below.
Even though there is a spread between conf & jumbo today, even the current jumbo rates are low by historical standards.
Wait until conf rates are 7%-8% again…
The new plan is only in effect until 12/31/2008 at this time, and many people just won’t qualify full doc for the new loans.
Wiat until you see the rates & programs. They may not be much better than current jumbo rates, which have eased a bunch the last few months.
It’s not frozen up anymore from what I see.
