| North Palm Beach, Fla. -- Nov. 27, 2009 (Bankrate.com) -- Rates on 15-year jumbo mortgage refinances in the United States rose 2 basis points to 5.41 percent on Friday, according to Bankrate.com's daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.60 discount and origination points.
Someone taking out a $435,000.00 15-year jumbo mortgage refinance at the current average would pay $3,533.57 a month for the life of the loan. The rate would adjust annually thereafter. Nationally, the highest rate Bankrate found on a 15-year jumbo mortgage refinance was 7.75 percent. The lowest rate was 4.00 percent. A month ago, the average rate in the U.S. was 5.64 percent. To see all of the results of Bankrate.com's surveys, go to www.bankrate.com. The Your Best Interest report is a daily service of Bankrate.com, a financial news and information service based in North Palm Beach, Fla. Bankrate surveys more than 300 financial products from more than 4,800 institutions in all 50 states. |