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What are today's Jumbo mortgage rates?
Jumbo mortgage rate trends
Adjust the graph below to see historical Jumbo mortgage rates tailored to your loan program, credit score, down payment and location.
Compare current Jumbo mortgage rates by loan type
The table below is updated daily with Jumbo mortgage rates for the most common types of home loans. Compare week-over-week changes to current Jumbo mortgages and annual percentage rates (APR).
The APR includes both the interest rate and lender fees for a more realistic value comparison.
Conforming loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
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Government loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
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Jumbo loans
| PROGRAM | RATE | 1W CHANGE | APR | 1W CHANGE |
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Frequently asked questions about Jumbo mortgage rates
What is a jumbo loan?
A loan is considered jumbo if the amount of the mortgage used to finance a property exceeds the annual conforming loan limits set by the Federal Housing Finance Agency (FHFA). According to the FHFA, the conforming loan limit for a single-family home in 2023 is $726,200 nationwide — except for in Hawaii, Alaska and a certain high-cost areas where the single-family home limit is $1,089,300.
What is the jumbo loan limit?
Jumbo loan amounts begin where conforming loan limits end. For example, according to the conforming loan limits in 2023, once a loan amount for a mortgage exceeds $726,200 for a single family home or $1,089,300 in certain designated high-cost markets, a jumbo loan would be required to finance the home. Jumbo loan requirements may vary from lender to lender, and each lender or bank will set a maximum loan amount.
Are jumbo rates higher than conventional?
Interest rates on jumbo loans are typically higher as compared to other types of loans, including conventional mortgages. Keep in mind, jumbo loan rates can vary by lender and may fluctuate multiple times a day. Due to continued annual increases in conforming loan limits, refinancing a jumbo loan to a conforming loan may benefit homeowners who desire a lower mortgage rate — especially if the jumbo loan was taken out prior to March 2020. Find a mortgage professional on Zillow to learn more about the Jumbo rates you may qualify for.
What is a good jumbo mortgage rate?
Typically, a low jumbo mortgage rate is preferred, but the best jumbo mortgage rate for you will depend on your finances, needs and preferences. Compare rates from at least three lenders to ensure you find a good jumbo mortgage rate. Find a mortgage professional on Zillow to learn more about the Jumbo rates you may qualify for.
Is it harder to get a jumbo loan?
Typically, jumbo loans have more qualification requirements than conventional conforming loans as they are larger and considered a higher credit risk. As a result, you may have to provide additional information and a larger down payment than with a conventional mortgage.
What are the requirements for getting a jumbo loan?
Lenders generally require jumbo loan borrowers to have a high credit score, low debt-to-income (DTI) ratio and a solid cash reserve. The lender may also take into consideration the effect the down payment and closing costs will have on the borrower’s finances. Ultimately, a lender will ensure that the borrower is in good financial health before approving them for a jumbo mortgage based on its own qualifications. Start the mortgage pre-qualification process with a lender on Zillow to learn more about the Jumbo rates you may qualify for.
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