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Jumbo mortgage market is beginning to thaw

The meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Mac, Fannie Mae and the FHA. Phil Kelly had 18 more months to go before the fixed rate on his $2.5-million mortgage became adjustable.

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22:48 on February 23 2010

Jumbo mortgage market is beginning to thaw

L.A. Times - News — The meltdown sent interest rates soaring and availability shrinking, but rates are declining and lenders are more willing to make loans that top the limits for Freddie Ma... more info

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