Monday, July 18, 2011

Big Mortgages Are Back

Jumbo Loans, generally those bigger than $417,000 are better bargain now than they have been in years.  The average rate on a 30 year jumbo mortgage is 5.5% down from 6.41% two years ago, according to mortgage data firm HSH Assoc.  That means the monthly payment on a 30 year $600,000 home loan is now $3,280, some $480 less than two years ago, for an annual savings of nearly $5,800.
Lake of the Ozarks offer a wealth of  luxurious homes, Call the Betty Ellerbroek Team Today!

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