WSJ The Fed’s interest-rate hikes and recent bank failures mean lenders aren’t competing so fiercely for jumbo loans
By Ben Eisen and Rachel Louise Ensign
Sheila Smith was set to get a mortgage for about $750,000 to buy an investment property in Sedona, Ariz., earlier this year. The lender, a regional bank, offered a starting interest rate of about 5%, well below the going rate.
