Baton Rouge Luxury Real Estate and the Fed Rate Cut
Baton Rouge jumbo loans helped by Fed rate cut
While many of the more conventional Baton Rouge mortgages may have to wait to see significant impact from yesterday’s Fed rate cut decision, Baton Rouge luxury real estate may find more immediate relief. Baton Rouge jumbo loans, those that are more than $417,000, could benefit from the Fed rate cut soon. CNN Money reports on jumbo loans:
of risk, jumbo rates have risen in recent months. They carry rates
about a full point higher than conforming loans. …
Jumbo rates may come down if the cut makes consumers more confident,
according to Mark Zandi, chief economist for Moody’s Economy.com.
For more on Baton Rouge luxury real estate and jumbo loans, contact Glenda Daughety.
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