The gap continues to narrow between jumbo and conforming loans in O.C.
The average rate on a 30-year fixed conforming loan (for $417,000 or less) rose slightly this week to 6.2%, reports Newspaper Chart Services. Meanwhile, the average jumbo rate on a 30-year fixed slid to 7.069%. (Jumbo loans are for more than $417,000.) Both rates [...]
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