Banks Ease Purse Strings On Luxury Home Loans

Audio for this story from Morning Edition will be available at approximately 9:00 a.m. ET.

 

For the first time in decades, interest rates for jumbo home loans are lower than rates for a typical mortgage. And because of that, the luxury market is the fastest growing sector of home loans. In Phoenix, sales of homes that cost more than $500,000 are up 64 percent.

Source: http://www.npr.org/2013/10/16/235185550/banks-ease-purse-strings-on-luxury-home-loans?ft=1&f=
Tags: breaking bad   james spader   denver post   Ozil   Moto X