5.288% APR

Compare today's jumbo refinance rates

Written by Holden Lewis
May 2, 2022

Compare your rates

About your loan

Property details

Special loan types

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

5.288%
30-year fixed-rate

On Tuesday, August 9th, 2022, the average APR on a 30-year fixed-rate mortgage fell 7 basis points to 5.288%. The average APR on a 15-year fixed-rate mortgage rose 3 basis points to 4.583% and the average APR for a 5-year adjustable-rate mortgage (ARM) fell 4 basis points to 4.527%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 6 basis points higher than one week ago and 238 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-rate5.196%5.288%
20-year fixed-rate4.874%4.986%
15-year fixed-rate4.420%4.583%
10-year fixed-rate4.018%4.202%
7-year ARM5.397%4.749%
5-year ARM5.301%4.527%
3-year ARM2.340%3.371%
30-year fixed-rate FHA4.192%4.963%
30-year fixed-rate VA4.522%4.895%

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

How to shop for jumbo mortgage rates

NerdWallet’s mortgage rate tool can help you find competitive jumbo loan rates. In the filters above section, enter a few details about the loan you’re looking for, and you’ll get a personalized rate quote in minutes, without providing any personal information. From there, you can start the process to get preapproved for your home loan. It’s that easy.

What loan amount qualifies as a jumbo mortgage?

A jumbo mortgage is any loan amount above the national conforming loan limit, which is updated annually and varies by location.

When should you refinance a Jumbo mortgage?

The decision to refinance a Jumbo mortgage is similar to refinancing a conforming loan: if interest rates fall significantly after you first take out your mortgage, you could lower your monthly payment by refinancing into a mortgage with a lower rate. Or, if you have equity and want to remodel, a cash-out refi could help you pay for the project. That’s just two possibilities. In the final analysis, it’s a matter of running the numbers. And it’s really pretty easy. Using a mortgage refinance calculator, you can see just how much a refinance might save you—now and in the long run.

Learn more about Jumbo loans:


About the author:  Holden Lewis is a mortgage reporter and spokesperson who joined NerdWallet in 2017. He previously wrote for Bankrate, where he wrote about mortgages and real estate during the housing boom and bust. He has written articles about mortgages since 2001, and enjoys explaining complex topics to regular people who don't buy houses every day. Holden has been president of the National Association of Real Estate Editors and has won numerous writing awards. He splits his time between Jupiter, Florida, and Fort Worth, where he is renovating the house where he spent his high school years so he can move back and be a Texan again.

Check out our other mortgage and refinance tools

Lenders

Get pre-approved
Get pre-approved

Get your true budget and find a home with ease.

Agents

Find a real estate agent

Get matched with a top agent in your area.

Calculator

Calculate your mortgage
Calculate your mortgage

Figure out your estimated payments the easy way.

Calculator

Should You Refinance
Should You Refinance

Calculate how much you can save by refinancing


Explore more quotes