Another week, another record low for jumbo mortgage rates

Golden house with dollar sign

Jumbo mortgage rates have fallen to record lows for the second straight week, according to’s most recent survey of major lenders.

Jumbo loans are 30-year loans for more than $417,000 to $625,000, depending on the city.

They peaked at 7.75% during the worst of the financial crisis in October 2008.

That was 1.5 percentage points more than the average cost of a 30-year, fixed-rate, non-jumbo mortgage at the time.

Now the average jumbo loan rate has fallen to 4.76%, which is only about half a point more than the average cost of a non-jumbo loan.

All of the other types of home loans we follow also remain very near the record lows they set earlier this fall.

Our Nov. 9 survey found the average interest rate for a:

30-year, fixed-rate loan rose slightly to 4.25% from 4.23% this week. The record low is 4.21% set Oct. 5.

15-year, fixed-rate loan increased to 3.50% from 3.48% last week. The record low is 3.42% established Sept. 21.

5-year, adjustable-rate loan -- home loans on which the initial interest rate remains fixed for the first five years and then changes once a year after that -- fell to 3.16% from 3.18% the week before. The record low is 3.05% established Sept. 21.

Our database of mortgage rates can help you find the best deals in your area, including many that are less costly than the national averages.

You can use our calculator to determine the monthly payments for the exact amount you want to borrow with this or any home loan.

It will also provide a month-by-month amortization schedule that shows how much you've reduced your debt and how much you still owe.

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