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Real Estate Law News
2/8/2008 10:50:45 AM EST
New definition of jumbo loans may help few

(AP) As Congress moves to lower borrowing costs on so-called jumbo mortgages, lending experts caution that the benefits to borrowers may be limited. 

Jumbo mortgages, or loans greater than $417,000, normally carry interest rates of about 0.25 percentage point above smaller, so-called conforming mortgages. Full version.

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