Will Jumbo Rates go down further?

Categories: Mortgage

So does anyone think that jumbo rates will go down lower also. Conforming rates are really really low. But jumbos are also dropping but how far can they go? I think they are currently around 6.375%. What is the likelyhood a jumbo rate would go below 6%?
I’m trying to decide whether to go ahead an lock a jumbo at 6.375% for $440K. My gut tells me that it won’t go much lower but who knows?

what does the forum think?

By Dappledo | 09/10/2008 11:53 AM