by the rates you are quoting (jumbo arm's) it seems you are looking for investment properties..
am i correct?
if this is true, you are in it for the short term (you want to flip the properties) ...
at the rates you are being quoted that is extremely good as you do not intend to keep
the properties long anyway..
please give me some additional details so i can better answer your question..
Where are you living now? The cost of money, right now is very good - in terms of how much you can borrow and what you'll be paying for those borrowed funds.
I mean - on a jumbo - i don't know the rates specifically but if you're spending7% on that money that's not terrible.
also - are you sure you'll be in the jumbo range?
Do you require shelter? Are you interested in an investment you can flip? Can you truly afford a mortgage over $750,000? Is it possible for you to be happy in a home under $750,000? Are you planning to stay in that home for a very long time? I don't know the answers, but you do.
Or, is it possible for you to wait for the inventory to clear, the economy to get stronger and prices to increase?