My loan broker has been trying hard to get these new Conforming Jumbo and Stimulus loans for purchases and refinancing. These loans are slowly materializing in the market. If you are a homeowner that still has some equity, it is time to consider refinancing that ARM to a 30 year fixed. If you are a new home Buyer, many of these loans may not exist after December of 2008 this year which is something to keep in mind during your planning.
I will keep you posted when I am able to secure one of these loans.
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