FHA Mortgage Lending » jumbo mortgage rates http://www.fhamortgagelendingblog.com FHA Mortgage Loan Update for Mortgage Lenders & Consumers Wed, 14 Dec 2011 15:04:13 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 FHA Mortgage Rates Low and Jumbo Rates High http://www.fhamortgagelendingblog.com/2009/04/07/fha-mortgage-rates-low-and-jumbo-rates-high/ http://www.fhamortgagelendingblog.com/2009/04/07/fha-mortgage-rates-low-and-jumbo-rates-high/#comments Tue, 07 Apr 2009 07:11:52 +0000 admin http://www.fhamortgagelendingblog.com/?p=105 New homebuyers benefit greatly because these FHA mortgage loans maintain low rates and HUD’s flexible credit guidelines ensure that fico scores are not the driving factor for approval like how conventional underwriting guidelines use for approving refinance or purchase loans.  FHA mortgages are more aggressive with less equity needed for home refinancing and less needed for depositing with traditional home financing.

 

CBS News’s Kelly Wallace reports that FHA rates and conforming interest rates have dropped significantly, but jumbo mortgage rates remain high, because lenders don’t want to offer low rate incentives for these high risk mortgages that many borrowers in high cost areas find themselves stuck in. 

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