Compare today's jumbo refinance rates
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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
NerdWallet’s mortgage rate insight
On Thursday, February 2nd, 2023, the average APR on a 30-year fixed-rate mortgage fell 13 basis points to 5.914%. The average APR on a 15-year fixed-rate mortgage fell 15 basis points to 5.074% and the average APR for a 5-year adjustable-rate mortgage (ARM) fell 5 basis points to 6.546%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 25 basis points lower than one week ago and 233 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
|30-year fixed-rate FHA||5.164%||5.927%|
|30-year fixed-rate VA||5.242%||5.631%|
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 is NerdWallet's authority on mortgages and real estate. He has reported on mortgages since 2001, winning multiple awards.
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