During lunch with one of my favorite mortgage bankers, Jennifer Foster, she mentioned how quickly underwriting parameters are changing...sometimes daily, especially on jumbo loans. The interest rates are considerably higher, as well.
If you can wait to buy that expensive dream house, do so. The industry should calm down in the next few months and interest rates should go down.
If you are trying to SELL in this market. Have your agent find the best deals for jumbo loans so your buyer can make the deal NOW.
