Compare current jumbo mortgage rates

Written by

Andrew Dehan,

Edited by

Laurie Richards

Updated on Jul 11, 2025

On Friday, July 11, 2025, the national average 30-year fixed jumbo mortgage APR is 6.89%. The average 15-year fixed jumbo mortgage APR is 6.28%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

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Weekly national mortgage interest rate trends

Current mortgage rates

	15 year fixed jumbo	6.16%
	30 year fixed jumbo	6.78%

Today's national jumbo mortgage interest rate trends

As of Friday, July 11, 2025, the national average 30-year fixed jumbo mortgage interest rate is 6.84%, up compared to last week’s of 6.80%. The national average 30-year fixed jumbo refinance interest rate is 6.72%, down compared to last week’s of 6.74%.

Whether you're buying or refinancing, Bankrate often has offers well below the national average to help you finance your home for less. Compare rates here, then type in your zip code and hit “Find my rates” to get personalized quotes. By comparing mortgage rates, especially in today's elevated rate environment, you can find the best deal to save you money over the life of your mortgage.

We’ve determined the national averages for mortgage and refinance interest rates from our most recent survey of the nation’s largest mortgage lenders. Our own mortgage and refinance interest rates are calculated at the close of the business day, and include annual percentage rates and/or annual percentage yields. The interest rate averages tend to be volatile, and are intended to help consumers identify day-to-day movement.

Current jumbo mortgage rates

Jumbo loans are mortgages in larger loan amounts, specifically an amount exceeding the conforming loan limit in the area you’re purchasing a home or refinancing your loan. Jumbo loans generally carry higher qualifying requirements in terms of minimum credit score and cash reserves.

How do jumbo loans compare to other mortgage types?

While jumbo loan rates historically were lower than conforming mortgage rates, that changed in the post-pandemic years. Now, jumbo rates are sometimes lower than rates on conforming mortgages.

Product	Interest Rate	APR
30-Year Fixed Rate Jumbo	6.84%	6.89%
15-Year Fixed Rate Jumbo	6.20%	6.28%
30-Year Fixed Rate	6.74%	6.80%
15-Year Fixed Rate	5.94%	6.03%
30-Year Fixed Rate FHA	6.45%	6.51%
30-Year Fixed Rate VA	6.47%	6.51%

Rates as of Friday, July 11, 2025 at 6:30 AM

Product	Interest Rate	APR
30-Year Fixed Rate Jumbo	6.72%	6.75%
15-Year Fixed Rate Jumbo	6.29%	6.35%
30-Year Fixed Rate	6.77%	6.84%
15-Year Fixed Rate	6.09%	6.18%
30-Year Fixed Rate FHA	6.63%	6.69%
30-Year Fixed Rate VA	6.38%	6.42%

Rates as of Friday, July 11, 2025 at 6:30 AM

Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.

Learn more about how we collect, display and report mortgage rates.

Jumbo loan qualifications and requirements

The amount of a jumbo mortgage exceeds the Federal Housing Finance Agency’s conforming loan limits. For borrowers in much of the U.S. in 2025, this limit is $806,500, or up to $1,209,750 in high-cost areas, such as Alaska, Hawaii, San Francisco and New York City.

Those limits apply to one-unit, or single-family, properties. For properties with more than one unit, the limits break down to:

Two units (duplex): $1,032,650
Three units (triplex): $1,248,150
Four units: $1,551,250

As with a one-unit property, there are higher limits in high-cost areas for multifamily properties, as well. These range from $1,548,975 for a two-unit property to $2,326,875 for a four-unit property.

Generally, to qualify for a jumbo loan, borrowers need:

Credit score: 680 or higher
Debt-to-income (DTI) ratio: 45% or lower
Down payment: 10% to 15% or more
Cash reserves: Six to 12 months’ worth of mortgage payments in savings

Some lenders might have stricter requirements. No matter the type of lender or loan, you’re more likely to get a lower rate the better your credit and finances are.

Should you get a jumbo mortgage?

A jumbo loan might be a good fit for you if:

You’re buying a home that exceeds conforming loan limits.
You have a high credit score. Lenders typically have strict requirements for jumbo loans.
You have plenty of cash. Lenders generally require 20 percent down.

BANKRATE EXPERT FAQ

What do the experts say?

Greg McBride, CFA

Chief financial analyst, Personal Finance

A jumbo loan designation is based on the amount borrowed. If you're taking out a 30-year fixed-rate mortgage for more than $806,500, you're taking out a jumbo loan. The rates on jumbo loans are neck-and-neck with those of smaller conforming loans, so there is no particular advantage, or disadvantage, to getting under that $806,500 limit.

Before you decide, weigh these upsides and downsides.

Pros of jumbo loans

Attractive interest rates: The jumbo rates on the market today are close to those of conforming loan rates. The cost of borrowing is not that much more expensive for a more expensive house.
Potentially more flexible terms: Many lenders keep jumbo loans rather than selling them. That allows for more leeway in the details of the loan — you might need to put down only 10 percent, for instance.
Benefits for returning customers: Banks are big players in the jumbo market, and they often offer private-banking perks to jumbo borrowers.

Cons of jumbo loans

Strict underwriting standards: Lenders impose higher guidelines for jumbo loans around down payment, credit score, cash reserves and DTI ratio.
Somewhat limited availability: Not all lenders offer jumbo loans.
Higher limits could take jumbos out of the equation: In high-cost markets, the threshold for a conforming loan is over $1.2 million. Because of this, you might not even need a jumbo loan.

How to get a jumbo mortgage

To get a jumbo mortgage, you might have to jump through a few extra hoops. Here are the key steps to getting this type of loan:

Make sure you qualify. You’ll need to clear three hurdles to qualify for a jumbo loan with the most favorable terms: a low DTI ratio, a stellar credit score and hefty reserves. You might need as much as 12 months’ worth of mortgage payments in the bank, in addition to sufficient funds to cover closing costs.
Gather documentation. Lenders will need proof of your income, credit history and assets.
Shop around. Finding the best deal on a jumbo loan might take a bit more effort. Broaden your search to include all sorts of lenders, as well as mortgage brokers. Bankrate lists the leading lenders in every state; be sure to read not just our take, but also the customer comments featured in most lender reviews.
Expect extra scrutiny. Jumbo lenders are taking a big risk, so they might spend more time examining your income, verifying your cash reserves and generally vetting your finances. The underwriting process may well take longer.

Jumbo mortgage FAQ

A jumbo loan covers a loan amount that exceeds the Federal Housing Finance Agency’s limits on loan size. You might need a jumbo loan if you’re buying a bigger home, or even if you’re buying a regular home in an expensive area. You can use a jumbo loan to buy a primary home, an investment property or a vacation home. The maximum loan size and qualifying guidelines will vary depending on location and lender.
As with other types of mortgages, lenders will evaluate factors like your credit score, payment history, savings and income to determine your level of risk as a borrower. Your interest rate will be lower if you are perceived as more likely to repay the loan, and your rate will be higher if you are perceived as more likely to default.

You can control your qualifying factors, but you can’t control the other factors that determine your interest rate. Mortgage bond investors will raise rates during periods of inflation, since inflation reduces the value of a mortgage’s fixed payments over time.

Because jumbo loans are bigger mortgages, getting the best rate can make a huge difference in your all-in cost. Since rates are volatile, you might consider a rate lock if you find a competitive rate.

Additional resources on jumbo mortgages

Meet our Bankrate experts

Written by: Andrew Dehan, Writer, Home Lending

I’ve covered mortgages, real estate and personal finance since 2020. At Bankrate, I’m focused on all of the factors that affect mortgage rates and home equity. I enjoy distilling data and expert advice into takeaways borrowers can use. Prior to Bankrate, I wrote and edited for Rocket Mortgage/Quicken Loans. My work has been published by Business Insider, Forbes Advisor, SmartAsset, Crain’s Business and more.