Jumbo Mortgage Rates Are Up

Reuters reported today, August 30, 2007 that the concerns about credit worthiness in the United States home loan mortgage market have helped to push up mortgage rates on “jumbo” mortgages, and mortgage rates on adjustable-rate mortgages saw a record rise this week. Reuters reported today, August 30, 2007 that the Mortgage Bankers Association (MBA) said on Wednesday borrowing costs on 30-year fixed-rate mortgages dropped to the lowest level in weeks, but rates on one-year adjustable-rate mortgages (ARMs) rates surged to 6.51 percent from 5.84 percent in the week ended August 24. Reuters reported today, August 30, 2007 that the divergence in interest rates on fixed- and floating-rate mortgages is the latest example of how problems are popping up and simmering in the primary mortgage market. Reuters reported today, August 30, 2007 that Jay Brinkman, the Mortgage Bankers Association ‘s vice president of research and economics, said the jumbo mortgage market, where mortgages are bigger than $417,000, is more to blame for the sharp disparity on the two loan types than the “conforming” loans that are guaranteed by Fannie Mae and Freddie Mac. Handyman Torrance | Westlake Village Real Estate | Home Staging Westlake Village | Animal Actor Rentals | Embroidery Westlake Village | Flowers La Jolla | Houston Home Loans | Vitamins | Window Shutters | Personal Trainers | Real Estate Directory| Glass Simi Valley | Los Angeles Mold Inspections | Free Merchant Account | Carbon Dioxide Scavenger | SEO Website Enhancement | DUI Attorney Ventura | Solar Energy | Bridge Loans | Mortgage Woodland Hills | Fruit Basket Westlake Village | Chiropractor Westlake Village | Las Vegas Web Designer | Day Spa Thousand Oaks | Spiritual Truth | Commercial Real Estate Thousand Oaks | Home Improvements Temecula | Board-Up Services Ventura | Thousand Oaks Wedding Photographer | Real Estate Charleston | Tool and Die Maker | Solar Panels | Handyman Wilmington | Houston Mortgage| Enlightenment and Consciousness| Animal Rentals| Glass Cabinets | Celebrity Photos in L.A.| Malibu Realtor | Solar Power | Solar Pool Heater | Center for Integrated Medicine Spiritual Enlightenment