From Premium to Discount on 30-Year Mortgages
In the aftermath of the 2008 financial crash, funds for jumbo mortgages virtually dried up.
At a time when rates on conventional, 30-year mortgages were fetching around 4.5%, jumbo rates were 6% or 6.5% — if you could find such products at all.
Today, that premium and scarcity has been replaced by a discount.
While conventional, 30-year mortgages have been creeping up towards 4%, jumbo rates are still 3.5%.
