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mortgage rate trends
Mortgage interest rates for Jumbo loans have also gone down in previous week. Due to this decline, the difference between normal mortgage rates and jumbo rates is also reduced. Spread has narrowed so to speak.
During Last year, as we entered the credit crisis, banks were very reluctant to give Jumbo Loans. For those lucky few, who got the loan, the interest rate charged on Jumbo loans was sky high. I know a friend who paid 2.5 percent more than the prevailing interest rate for conforming mortgage rates. 
Current trend in jumbo mortgage rates is that it is now back to normal. By normal, it means that you can now easily find a Jumbo Loan with mortgage rates that are only less than one percent above the conforming mortgage rates.
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