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August 16, 2007

Conforming 30-Year Fixed-Rate Mortgages Are Not Out of Whack

Chris Dillow plots the numbers, and tells us that normal mortgages are not (yet) a source of extra-normal risk:

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1) Link?

2) This tells us almost nothing of itself.

Uh, what about jumbo loans? Way, way out of wack. And on the coasts, where all the housing action and value is, they are all jumbo loans.

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