Sunday, August 12, 2007

Screw Jumbos

Okay, I'm a bit tired of reading stories about how rich people can't get no-doc loans at low interest rates anymore.

...adding I swear I read an earlier version of this article which made clear that the poor chap with the 13% rate needed a no-doc loan because he lacked income documentation. In any case, it doesn't seem that jumbo loan rates of crept up much, just no-doc jumbo rates, which doesn't seem all that unreasonable.