By Anya Martion | The Wall Street Journal
The Fed’s threat of a springtime rate increase didn’t come to pass, which fueled the jumbo-mortgage market in the first half of 2015.
Widespread predictions of an interest-rate increase in the first half of 2015 never came to pass. So the jumbo market has kept its mojo.
The volume of jumbo mortgages—those above $417,000 in most places and $625,500 in some high-price areas—reached an estimated $160 billion in the first six months of 2015, up about 36% from a year ago at the same time, says Guy Cecala, publisher of Inside Mortgage Finance, which covers the industry.
Related: Loan demand barely budges
