Why Jumbo mortgage holders screwed?
Price 30/yr traditional fixed-rate loans of 5.00%. But the prices are fixed Jumbo 6.50% 30/yr. It is totally unfair … The Fed, Fannie and Freddie are down Discounts push mortgage under $ 417k, but the rest of us to stick with over $ 417k mortgage because America thinks that someone with a mortgage of $ 417k + is rich. Nevermind that in a region of the country where homes are expensive to live, but you still eating Mac-n-cheese for dinner and off coupons to survive another day. Totally unfair to the class struggle.