Are There Attractive Jumbo Mortgage Rates?

It's amazing how much power the media has. I have many homeowners say to me "I heard on the news jumbo mortgage rates are not even available."

Jumbo mortgage rates are available. However, there are fewer lenders offering jumbo mortgages with attractive rates.

Lenders that are in the jumbo mortgage market have tightened guidelines. Stated income mortgage loans are hard to find. Debt-to-Income requirements are more stringent. More equity is generally required.

If you are well-qualified, there are attractive jumbo mortgage rates available for you in the high 3% range to the low 5% range, depending on how long the fixed rate term of the loan is.

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