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Historically, jumbo interest rates have been higher than their conforming loan counterparts. However, as of October 25, 2023, the 30-year jumbo rate was 7.72 percent according to Bankrate’s ...
Although jumbo loan rates are often similar to conforming loans, even a small difference of a few tenths of a percent can significantly increase the total interest paid over the life of a large loan.
In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits. [1] This standard is set by the two government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
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