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hello. i see a huge difference in the jumbo loan rate from one lender to the next lender...why is happening this way? feeling unsafe to buy for investment purpose rightnow.

by vivek.chopara956 from Tempe, Arizona. Apr 28th 2020 Reply


John Moran (TheHomeMortgagePro)
#8 ranked lender in Arizona - 663 contributions

Jumbo loan rates and availability are very volatile right now. Combine that with an investment purchase and you have a tougher loan to complete. Go with a broker/lender that you trust and hope that nothing changes between contract and close.

Apr 28th 2020
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Steven Brand (stevenbrand)
#4 ranked lender in Minnesota - 120 contributions

The entire industry is volatile right now until the Federal government steps in to help with liquidity and confidence for the servicing side of the industry. Its something that is misunderstood by many people and EVEN the regulators who THINK they are making decisions to do what they think is "right".

Apr 28th 2020
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,097 contributions

We are in the middle of the COVID19 pandemic right now. As such, the mortgage industry is still in a bit of turmoil, with lenders trying to figure out risk and liquidity issues. Some have tightened up guidelines, or stop lending on certain products. Others have raised rates to offset potential risk. I would assume you'll see rates return to everyone being very close together again soon. I lend in MN WI IA ND and SD. I can be reached at JoeMetzler.com NMLS 274132

May 12th 2020
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