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"So, in effect, some are cheering the death of a program that helped pump money into social welfare subsidies they support."

Check out where jumbo mortgage rates are right now. I'm not worried about the effect the change will have on the market. It only affected a narrow price band (namely homes in the 800-920 range) and with rates as low as they are, the increase in monthly payments is pretty minimal.

by TM on Oct 2, 2011 11:00 pm • link • report

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