7.161% APR

Compare today's jumbo mortgage rates

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Trends and insights

Mortgage rate trends (APR)

NerdWallet’s mortgage rate insight

30-year fixed-rate

On Tuesday, April 16th, 2024, the average APR on a 30-year fixed-rate mortgage fell 5 basis points to 7.161%. The average APR on a 15-year fixed-rate mortgage rose 10 basis points to 6.492% and the average APR for a 5-year adjustable-rate mortgage (ARM) fell 7 basis points to 7.820%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 23 basis points higher than one week ago and 62 basis points higher than one year ago.

A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR.

Current mortgage and refinance rates

ProductInterest rateAPR
30-year fixed-rate7.074%7.161%
20-year fixed-rate6.792%6.914%
15-year fixed-rate6.349%6.492%
10-year fixed-rate6.281%6.518%
7-year ARM7.062%7.806%
5-year ARM6.857%7.820%
3-year ARM8.125%8.355%
30-year fixed-rate FHA6.071%6.895%
30-year fixed-rate VA6.253%6.641%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Best Mortgage Lenders of April 2024 for Jumbo Loans

Holden Lewis
Last updated on December 13, 2023
Reviewed by
Michelle Blackford
Reviewed by

What is a jumbo mortgage?

A jumbo mortgage is a home loan above the conforming loan limit, which is $766,550 in most counties in 2024. The conforming limit is greater in some counties with high housing costs, up to $1,149,825 in 2024. Mortgages for more than the conforming limit are jumbo loans.

How to find jumbo mortgage rates today

NerdWallet’s mortgage rate tool can help you find competitive jumbo mortgage rates today. In the comparison section above, enter the purchase price and down payment. (The loan amount, not the purchase price, should be above the conforming loan limit for a jumbo loan.) After clicking “Update results,” you can see a jumbo mortgage interest rate quote without providing personal information.

Jumbo mortgage rates vary by lender

Jumbo mortgages don't have to abide by some of the restrictions that are imposed on conforming loans. Each lender has leeway to offer its unique combination of interest rate and fees. For that reason, it is vital to shop and compare offers.

After you apply, each lender will provide you with a Loan Estimate form, a three-page document that details the interest rate, origination fees and closing costs. Comparing Loan Estimates from more than one lender will give you confidence that you’re getting the right loan for your situation.

When should you consider a jumbo mortgage?

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

Learn more about jumbo mortgages:

About the author: Holden is NerdWallet's authority on mortgages and real estate. He has reported on mortgages since 2001, winning multiple awards.

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