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.
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.