Freddie Mac Helps Lower Super Conforming Mortgage Rates
Since the loan limits for Freddie Mac and Fannie Mae were raised last year in certain high-cost areas throughout the country, mortgage rates for super conforming loans (large-balance loans eligible for sale to Freddie Mac and Fannie Mae) have plunged. The current difference between the rates on 30-year fixed-rate jumbo loans (loans ineligible for sale to Freddie Mac and Fannie Mae) and conforming and super conforming loans remains at record levels. Freddie Mac is continuing to fulfill its mission to provide a reliable source of mortgage funding, helping to keep rates low.
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Difference Between 30-Year Fixed Jumbo and
Conforming Rates Is at Record Levels |
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