A recent article on Bloomberg.com indicates that we may see rate drops for jumbo mortgages in 2009. This is due to Ben Bernanke’s plan for the Fed to buy $500 million in securities issued by Fannie Mae and Freddie Mac. It would affect Boston, New York and San Francisco; areas that see many homes in the higher price ranges.
View the complete article on Bloomberg.com.
For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.
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