How do Jumbo mortgage rates compare to Conforming Mortgages?

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MortgageRight now there is very little difference between jumbo (aka non-conforming) and conforming mortgages with 30 year fixed rates. Rates change constantly and sometimes there may be larger price difference between conforming and jumbo mortgage rates.

Here’s what I’m currently quoting as of December 10, 2014 at 1:15 pm:

EDITORS NOTE: The rates quoted below are expired, for a current mortgage rate quote for your Washington state home, please click here.

  • 3.875% (apr 3.980%) 30 Year Fixed Jumbo/Non-Conforming priced with 0.845 points. This scenario used a loan amount of $760,000.
  • 4.000% (apr 4.103%) 30 Year Fixed Conforming High Balance priced with 0.790 points. This scenario has a loan amount of $500,000.
  • 3.875% (apr 3.968%) 30 Year Fixed Conforming mortgage priced with 0.607 points This scenario is using a loan amount of $400,000.

Quotes above are all based on an 80% appraised loan to value, credit scores of 740 or higher, rate/term refinance or purchase closing by January 16, 2015 or sooner.

Rates change constantly and are subject to credit approval. For your free rate quote for a home in Washington, click here.

This is just a very small sample of the mortgage programs and pricing that I have available.  If I can help you with your refi or home purchase located anywhere in Washington state, please contact me.

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