Mortgages larger than the limits set by Fannie Mae and Freddie Mac ($417,000 this year). A jumbo mortgage will carry a higher interest rate than a conventional mortgage.
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« Back to Glossary Index
Mortgages larger than the limits set by Fannie Mae and Freddie Mac ($417,000 this year). A jumbo mortgage will carry a higher interest rate than a conventional mortgage.
« Back to Glossary Index