Jumbo loan market shows signs of a thaw
The number of jumbo mortgages approved in Massachusetts by lenders nearly doubled last year from 2010, and is on pace this year to exceed 2011’s total of almost 14,000 loans, worth a total of nearly $10 billion, according to the Warren Group, a Boston firm that tracks real estate.The trend is good news for the Massachusetts housing market, which has some of the nation’s highest home prices and greatest demand for jumbo mortgages. It’s one factor in the rebound in Massachusetts home sales.
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