5.125% Fixed Jumbo Loans

NYC luxury condo buyers will be pleased to note that mortgage rates for jumbo loans (more than $729,750), are coming down. For borrowers with a 20% down payment, the average rate for a 30-year fixed jumbo loan is 5.125 percent.

Mortgages – Lenders Loosen Reins on Jumbo Mortgages – NYTimes.com.

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