Three people have already sent me copies of the N. Y. Times’ article on lower loan amounts. We’ve already covered it here, but let’s look at a simple comparison, using WFB rates at 1 point cost: Monthly payments on $697,500 at today’s 4.625% super-conforming rate = $3,586/mo Monthly payments on $697,500 at today’s 5.125% jumbo rate = $3,798/mo … Continue reading We’ve Been TMZ’d
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