Jumbo mortgage rates

Find and compare the best jumbo mortgage rates from lenders in your area.

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Mortgage rate trends (APR)

NerdWallet's mortgage rate insight
4.68%
30-year fixed

The average rate on a 30-year fixed-rate mortgage rose two basis points, the rate for the 15-year fixed went up two basis points and the rate for the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published Monday by national lenders. A basis point is one one-hundredth of one percent. The average rate on the 30-year fixed is one basis point lower than one a week ago.

Mortgage rates today (APR)

Loan typeAverage
rate
Change
1 day
Change
1 year
30-year fixed4.68%
0.02%
0.57%
15-year fixed4.22%
0.02%
0.74%
5/1 ARM4.83%
0.0%
0.95%
Data source: NerdWallet Mortgage Rate Index

Jumbo Mortgage Rates

NerdWallet’s mortgage rate tool can help you find competitive Jumbo mortgage rates tailored to meet your needs. Just enter some information about the type of loan you’re looking for and you’ll get a customized rate quote in minutes, without providing any personal information. From there, you can start the process of getting your home loan and be on your way to making offers. It’s that easy.

What is a Jumbo mortgage?

A Jumbo mortgage is a home loan that’s too big for your lender to sell it to government-sponsored entities Fannie Mae and Freddie Mac. That contributes to making Jumbo loans riskier for your lender, and as a result they typically carry higher mortgage interest rates, require higher down payments and have stricter qualifying criteria.

What loan amount qualifies as a Jumbo mortgage?

A Jumbo mortgage is any loan amount above the national conforming loan limit, which is $424,100 in 2017 for most areas, but can be more in some high-cost markets. For example, conforming loans can top out at $636,150 in Alaska, Washington, D.C., and metro areas in other high-demand housing markets. Limits are even higher in some cities in California and Hawaii.

When should you consider a Jumbo mortgage?

You should consider a Jumbo mortgage if you’re purchasing a high-priced home and are in a position to qualify for the more stringent requirements they carry, including a high credit score, strong credit history and usually a 20% down payment.

Jumbo mortgage rates are higher, so if you can decrease your mortgage loan size to qualify for a conforming loan, you should consider doing that.

Learn more about Jumbo loans: