The Jumbo Loan market is starting to pick up.
Therefore People wanting to move-up to a Luxury Estate will have Funding sources.
In the last few weeks, the average interest rate on a 30-year fixed-rate jumbo fell to 5.79 percent, a five-year low, according to rate tracker Informa Research Services. It is possible to get a lower Rate on hybrid adjustables.
It appears Banks are feeling more confident since Fannie Mae, Freddie Mac, and the Federal Housing Administration do not insure theses Jumbo Mortgages.
