An article on Boston Business Journal’s website investigated a rise in what they are calling “mega-mortgages” - those over $1 million. The jumbo loan market appears to have been doing well, despite the more strict financing guidelines of late. The Journal sited the Boston-based wealth management division of the Bank of New York Mellon as a firm who is leading the charge. The firm tends to deal with the wealthiest 1%.
To read the complete article, go to BizJournals.com.
For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.
Monday, June 8, 2009
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