When the subprime meltdown got going, Jumbo mortgage rates got hammered. Rates shot up from the high 6’s to the low 8’s. We can now do a stated income loan up to 1.5 million for the low 6’s again. I know that the high end market has been sitting a bit. Hopefully this will come as a shot in the arm to help stimulate the higher end of the real estate market.
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