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Unusual Whales Pod #10: The Housing Crisis, Markets, and Real Estate

Unusual Whales

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What's Happening in Market World Around Mortgages?

A jumbo mortgage has a lower average interest rate nationally than a conforming mortgage that you can put to Fannie Mae or Freddie Mac. The problem the issue have now is that, you know, there's a lot more jumbo lending because home prices have gone up so much. And when I've been hearing the last month is Fannie and Freddie, they're just not paying.

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