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'Jumbo' Mortgage Rates Fall Below Traditional Ones

The Wall Street Journal
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September 05, 2013 AT 9:16 AM
As banks compete for affluent borrowers, an odd trend has emerged in the mortgage market: rates on loans for pricey homes -- "jumbo" mortgages -- have dropped below those for smaller mortgages. Nick Timiraos explains on the News Hub. Photo: Getty Images.