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This three day Mortgage Market meltdown continues!

We have had three days of “worsening prices” numerous times throughut the day, Monday, Tuesday and now already on Wednesday morning.  A 30 year fixed on Monday morning was 4.75% with No points or origination and this morning that same rate of 4.75% comes with over 1 point of origination for qualified borrowers.

However…  This same exact Mortgage pricing took place in December of 2009 and look what happened the following year.  Mortgage rates fell to all-time lows.

Jumbo Mortgage Pricing has not been effected like Conforming and FHA pricing

  • 30 year Jumbo at 5.25% with NO points or origination
  • 5/1 ARM at 4% with NO points or origination

Inquire within for Mortgage Pricing.  617.771.5021

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