We typically use this blog to explain the features and benefits
of financing your home with a jumbo loan, but today, the numbers
speak for themselves. According to the Wall Street Journal (WSJ),
despite the recent climb in interest rates, jumbo loans are not
only becoming increasingly affordable but average rates are now
approaching those of government-backed conforming loans.
"Our jumbo and conforming rates are neck and neck both on the
fixed and the ARM," Cyndee Kendal, a senior vice
president with Bank of the West, told the source. "There's next to
no difference between the two."