Houghton Lake, MI Jumbo Mortgage Rates September 2019

Jumbo Mortgage Rates Houghton Lake, Michigan

Compare current jumbo mortgage rates in Houghton Lake, MI and jumbo refinance rates in Houghton Lake, MI. You will find banks, credit unions and mortgage companies listed with today’s Houghton Lake, MI jumbo mortgage rates and Houghton Lake, MI jumbo refinance rates. Jumbo mortgages in Houghton Lake, MI are available in terms of 40 years, 30 years, 20 years, and 15 years. Houghton Lake, MI adjustable jumbo mortgages are available in terms of 1 year, 3 years, 5 years, 7 years and 10 years.

Houghton Lake, Michigan jumbo mortgage rates are rates on mortgage loans that are higher than the conforming loan limits set the Federal Housing Finance Agency. Jumbo mortgage loans made for Houghton Lake, MI homes and condos have a higher interest rate than conforming Houghton Lake, MI mortgage loans. The reason being is banks, credit unions and mortgage companies sell these loans to private investors instead of the government sponsored entities. As a result private investors require a higher rate of return because of the risk involved.

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