Jumbo Loan limits to drop by October 1, 2011 For existing and future Scotts Valley and Santa Cruz County homeowners, if you plan to apply for a new jumbo loan or refinance an existing one, better do it now, before October 1st. On that date, any jumbo conforming loan (a mortgage between $417,000 and $729,750)…
Mortgage rates drop in spite of stock market chaos Amidst the chaos of recent stock market activities, mortgage rates drop and drop! Amazing! 3.5% for a 15-year-fixed and 4.32% for a 30-year-fixed. This announced by Freddie Mac on Thursday, August 11. Loan applications are up and so are refinance applications. Be aware, however, that the…
