http://sandiegohomeblog.com/2009/02/25/the-magic-number-higher-conforming-loan-limits-for-san-diego-county/ A San Diego Real Estate Web Log Fri, 30 Jul 2010 07:03:29 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://sandiegohomeblog.com/2009/02/25/the-magic-number-higher-conforming-loan-limits-for-san-diego-county/comment-page-1/#comment-161028 Richard Stabile Mon, 09 Mar 2009 00:28:43 +0000 http://sandiegohomeblog.com/?p=992#comment-161028 About 2 weeks ago my mortgage banker gave me a jumbo 30 year fixed with 25% down, 0 points, up to $4,ooo,oo0 at 6.5%. We haven't seen jumbo loans like that for over 6 months or more. I hope this is a sign. We only had basically, ok spreads up to $1,000,000 by the S&L's. I read that most of Manhattan recent high end sales were all cash. You can't run the industry without financing. I think this may be the beginning. The fed has to bring in securitizing to get the high end moving. There is no way to raise the money by the banks holding all the big loans. About 2 weeks ago my mortgage banker gave me a jumbo 30 year fixed with 25% down, 0 points, up to $4,ooo,oo0 at 6.5%. We haven’t seen jumbo loans like that for over 6 months or more.
I hope this is a sign. We only had basically, ok spreads up to $1,000,000 by the S&L’s. I read that most of Manhattan recent high end sales were all cash. You can’t run the industry without financing.
I think this may be the beginning. The fed has to bring in securitizing to get the high end moving. There is no way to raise the money by the banks holding all the big loans.

]]> http://sandiegohomeblog.com/2009/02/25/the-magic-number-higher-conforming-loan-limits-for-san-diego-county/comment-page-1/#comment-161019 Atlanta Real Estate Ellen Crawford Tue, 03 Mar 2009 05:20:07 +0000 http://sandiegohomeblog.com/?p=992#comment-161019 Do you think this is too little too late since most home prices have dipped below these levels already? IMO I think this would have been a big help about one and half years ago. Do you think this is too little too late since most home prices have dipped below these levels already? IMO I think this would have been a big help about one and half years ago.

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