Every once in a while, there is an opportunity in the market and today is one of those times -- jumbo mortgage rates -- rates on home loans of 417 thousand and higher in pricey markets are lower than conventional loans.
Continue Reading Below
This is like seeing an elephant in your backyard! It doesn't happen.
Long-time market pros who've been writing loans for 30 years say they have never seen it.
So, if you are looking to buy or refinance and your aspirations are high -- now is not a bad time to get your loan.
The market gives few gifts, this is one.