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Old 11-26-2007, 01:35 PM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 22,413,664 times
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Remember that the median is where half are above and half are below. The average income is something entirely different.

Also there is a big difference in what are known as conforming mortgages. Those below $417,000 where the borrower meets the FNMA standards are still being made without any problems. Jumbo loans (over 417K) and non-conforming loans are problematic these days as the secondary market for this kind of loan is a wee bit on the disrupted side.
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