Sunday May 22, 2011 12:53
Jumbo Pricing Shows Improving Trend
Jumbo mortgages were priced around 55 basis points higher than conforming loans in the most recent U.S. Mortgage Market Index report from Mortech Inc . and MortgageDaily.com . The jumbo-conforming spread was better than 80 BPS during the same week last year. And the jumbo-conforming spread has improved considerably from the 113-basis-point level that existed when the Mortgage Market Index was launched in December 2009.
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- Category: commercial hard money lender
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