Thursday, March 13, 2008

Conforming Jumbo Loans

I attended a market update with a financial firm and have an update on the conforming loan increase to $729,750 and what this means to Buyers and those trying to refinance.

These loans are being called Conforming Jumbo loans and the earliest it seems that these will hit the market is April 1st. The rates on these will not be at conforming or jumbo rates but somewhere in between the two. This does make sense since the increased loan amount represents more increased risk to the lender, they would like to make a little more interested for loaning out the funds.

If you have any questions on the loan side please call my partner Mya Tran at (408)472-7558 or e-mail her at mya_tran@yahoo.com.

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