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Jumbo mortgage rates becoming affordable
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San Francisco Chronicle
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May 13, 2008
Late last week, many lenders slashed their rates by about one-half of a percentage point on jumbo-conforming loans - mortgages between $417,000 and $729,750 that can be guaranteed by Fannie Mae and Freddie Mac. The rate cut makes them nearly as cheap as standard conforming loans below $417,000. On M...
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