Jumbo Mortgage Rates set to drop as inflation data boosts market confidence

[AJ Wong]

On Thursday we received encouraging inflation data making rate cuts almost certain by September or November. 

For mortgage originators, real estate professionals and investors, the 4.65%-4.45% drop in the 2-Year Treasury should result in banks lowering Jumbo & Super Jumbo Mortgage interest rates next week 

Conforming and Government loan products are also seeing improved pricing. The combo of rising unemployment, reduced inflation and stalling consumer confidence is lowering yields on the longer end of the curve. 

Purchase investors in or approaching executed agreement should check in with their mortgage professional for a quick updated quote, refinance rates particularly on expiring Jumbo & Super Jumbo mortgages could soon become more enticing. 

We're working with several luxury STR purchase investors and several super jumbo refinances (over $3M) that are likely to commit with improved terms and anticipated ROI.