The Washington Post reports that lenders are now offering large mortgages with the same interest rates, and sometimes better, as smaller ones.
This is causing sales of homes priced $1 million or more to soar while lower-priced properties lag, further widening the inequality gap of the economic recovery. Homes selling for at least $1 million fell in 2008 when the financial crisis hit, but the segment recovered faster than the rest of the market within the past two years.
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