Why are there so few mortgages in Tampa Bay these days?

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Lucky You for Obtaining a Jumbo Mortgage in 2013 February 17, 2014 by Lois Szydlowski If you were one of the lucky home buyers last year to obtain one of these loans-worth over $417,000 because of the low interest rates and attractive payment options, well things are changing this year in 2014.

Why are there so few mortgages in Tampa Bay these days? Home sales (and home prices in particular) are picking up but the number of mortgages recorded has yet to bounce back. One reason: a dryup.

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Unfortunately here there are few and far between so if you hit the ATM frequently like I do a lot of money will be lost. They invest a lot of money advertising locally and wish they would at least not charge people money for not using their atms as they are not convenient since there is one and it is a fifteen minute drive for a ten year plus.