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Mortgage Fears Drive Up Rates On Jumbo Loans

Wall Street Journal Original article ›

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LyrArc Article Gist
As the market for mortgage securities has collapsed and there are few buyer for the packages of mortgage securities that upto now were sold easily to lenders, the rates not just for subprime but also for jumbo loans are rising. This will affect the market in the middle sector with buyers with good credit also being affected when they buy homes in the 500,000 dollar range.


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