Jumbo Mortgage Rates Have Improved

This article is a little late which then I guess makes me a little late for only writing about it now but interest rates on Jumbo mortgages have improved.  For those of you who might not know what is classified as a jumbo mortgage, it will all depend on what county and state you are in but typically it is any loan amount above $417,000.  In Broward, Miami-Dade, and Palm Beach counties it is temporarily at $423,750.  In Monroe County you can go as high as $723,750. 

To look up your county you can go to https://entp.hud.gov/idapp/html/hicostlook.cfm

http://www.marketwatch.com/story/jumbo-mortgages-making-a-comeback-2010-04-26?siteid=rss&rss=1