Happy New Year. Should old interest rates be forgot, let us remind you how low jumbos could go: 4.03% for a 30-year, fixed-rate jumbo in December and 2.81% for a five-year, adjustable rate jumbo in October.
But expect more uncertainty in the coming year. Last month, the Federal Reserve hinted at raising interest rates in 2015 but gave no indication of when that might occur. As a result, lenders and mortgage brokers are encouraging their clients to lock in now.
We provide loans for company owners in every industry, including ones who are not eligible for conventional bank loans because of bad credit, "high-risk loan"reputation, bankruptcy records or some other reason."