Tag Archives: Suddenly

Mortgage Surprise: Jumbo Loans Suddenly Cheaper Than Conforming Loans

In the latest quirk of the pandemic mortgage market, rates for jumbo loans are holding below those for conforming loans. The average rate on a 30-year jumbo loan was 3.65 percent in Bankrate’s latest national survey, compared to the 3.76 percent average for conforming mortgages. Jumbo loans rarely offer a better deal than conforming loans.… Read More »