Low Jumbo Mortgage Rates Help Boost Luxury Housing Market More Than 30% Annually

The U.S. luxury housing market continues to thrive. Fueled by move-up buyers and inexpensive jumbo loans, the market for homes over $500,000 has grown rapidly since last year, with homes over $750,000 making big gains, too. 2013 has been a big year for big homes. Next year may show more of the same. Homes Inventory…

Simple Mortgage Definitions : Discount Points

Simple Definition : Discount Points When mortgage rate are quoted by a bank, they’re typically quoted with two parts — the mortgage rate, and the number of discount points required to get that rate. The higher the number of discount points, the lower your rate will be. Discount points are different from “origination points”, which…