In The News
Tagged as:
Economics,
Fannie Mae,
Freddie Mac,
Interest Rates
A jumbo mortgage is a home loan that’s too big (in dollars) to be sold to government backed agencies (Fannie Mae, Freddie Mac). The upper dollar limit for jumbos varies geographically but the general rule of thumb is a loan larger than $417,000 is a jumbo. It seems to me that people who have money [...]
17 November 2010
Read the full article →
In The News
Tagged as:
Economics
First-time homebuyers accounted for 50% of all home sales from July 2009 through June 2010, according to a National Association of Realtors (NAR) survey of buyers and sellers. That’s the highest share of first-time-buyer purchases in the history of the survey, which dates back to 1981. In July 2010 first timers bought 38% of the [...]
15 November 2010
Read the full article →