Personal Finance Advice and Commentary

Friday, July 23, 2010 3:43 pm
By Judy Martel · Bankrate.com

Considering the recent news that the rich are defaulting on their mortgages faster than the rest of the population, perhaps falling jumbo mortgage rates will help revitalize the market. A year ago, the average rate on a 30-year fixed jumbo mortgage (those loans of more than $729,750) was 6.86 percent, according to the Bankrate.com weekly