Banks Keen on Jumbo Loans May Soften Blow of New Limits

Posted under REAL ESTATE by admin

June 28 (Bloomberg) — When new lower limits on U.S. government-backed mortgages take effect Oct. 1, buyers of pricier homes may be forced into jumbo loans, which carry higher interest rates and require bigger down payments. The blow may be softened by banks seeking to expand their lending to affluent customers. Gigi Stone reports on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

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