Jumbo Mortgages Are No Longer the Cheapest Mortgages Around

The average rate on a 30-year jumbo mortgage was 3.77% in mid-July, more than 0.

4 percentage point above the average rate on smaller, conforming loans, according to Bankrate.com, a personal-finance website. From mid-2015 until this spring, jumbo rates had been consistently lower than or equal to the rates on conforming loans.

Nope, I prefer small mortgages, in fact I prefer paid off mortgages like mine is. I don't slave away for life to enrich the bank.

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This zero-down payment mortgage helps lower-income people become homeownersA lot of consumers think home ownership is out of reach if they can't put their hands on 20% for a down payment. That is not the case. acorns Moral hazard thrust on Wall Street yet again!!! acorns No way would I be lending to folks with no skin in the game (no down payment) in this economic environment. acorns Isn't zero down payment and giving high credit risk people mortgages for homes what caused the housing collapse the last time.
Source: CNBC - 🏆 12. / 72 Read more »