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The Ultra-Rich Are Using Giant Home Loans to Access Cheap Credit From Banks

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The Ultra-Rich Are Using Giant Home Loans to Access Cheap Credit


After cratering during the early days of the pandemic, the number of jumbo home loans of $766,000 or more increased by more 
than two-thirds in August from a year earlier, according to the U.S. Mortgage Bankers Association. 

Helping driving that
trend: More people buying larger suburban or rural houses as they seek refuge from cities, 
homeowners choosing to refinance, as well as a soaring stock market.


Edited by Saving For a Space Ship
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