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balor123
Joined: 08 Mar 2008
Posts: 1204
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 Posted: Wed Oct 21, 2009 3:57 am GMT Post subject: |
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| Can they still get loans? I thought the private mortgage market was dead? |
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admin
Site Admin
Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
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| Posted: Wed Oct 21, 2009 2:18 pm GMT Post subject: |
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| balor123 wrote: | | Can they still get loans? I thought the private mortgage market was dead? |
I doubt it's dead. Jumbo rates are still hovering around 6% in Massachusetts, and jumbos are by definition above the limit that the government will back, so I assume that these are privately backed. This isn't to say that private mortgages are limited to jumbos, either - that's just the first counterexample that came to mind right away.
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