2011 Mortgage Trends: Jumbo Loans, Cash Buys

The number of mortgage applications for home purchases is expected to become a bigger part of the mortgage market in 2011.  The Mortgage Bankers Association predicts mortgage rates to rise slightly in 2011 and hover around 5%.  Jumbo loans are expected to pick up pace in the next few months.  All-cash purchases are expected to continue to represent a big part of the real estate landscape in 2011.  The time between application and closing can take as much as 60 days and that’s not expected to get any faster.  Read article:
http://www.realtor.org/rmodaily.nsf/pages/News2011011203

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About dherries
Dave and Sally Herries and The RealtyColorado Team - Real Estate Broker serving the metro-Denver area. Offering properties in urban, sub-urban and rural areas. Our mission statement is "Enriching lives through real estate."

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