http://www.realtor.org/rmodaily.nsf/pages/News2008020802?OpenDocument
It seems that the stimulus package that included the raising of the limits for JUMBO loans has passed and is noted in this link to a REALTOR online article above. This package provides a 1-year period in which those with JUMBO loans may be able to refinance their lending packages and qualify for lower rates. Most JUMBO loans tend to become portfolio type packages within mortgage companies because they don’t qualify for purchasing by Freddie Mac and Fannie Mae in the secondary securitized market.
If you have a loan that is $417,000 to $729,750, then you might want to contact your favorite lender to discuss your options.
