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No clear direction for other phoenix mortgage types. Conversely, the average rate for 30-year jumbo mortgages fell this week, giving up 5 basis points to 4.33 percent. Jumbo mortgages are used for loan amounts above limits set by the Federal Housing Finance Agency; for the Phoenix area, that limit is $424,100.
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The companies are launching a joint venture called AVH Mortgage, which will provide mortgages for AV Homes. the Carolinas and Arizona. The company’s key markets are Orlando, Jacksonville, Phoenix,
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