Compare current jumbo mortgage rates

Written by

Andrew Dehan,

Edited by

Michele Petry,

Reviewed by

Thomas Brock, CFA, CPA,

Expert verified

Updated on Dec 05, 2025

On Friday, December 05, 2025, the national average 30-year fixed jumbo mortgage APR is 6.54%. The average 15-year fixed jumbo mortgage APR is 5.81%, 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	5.76%
	30 year fixed jumbo	6.44%

Today's national jumbo mortgage interest rate trends

As of Friday, December 5, 2025, the national average 30-year fixed jumbo mortgage interest rate is 6.50%, up compared to last week’s of 6.39%. The national average 30-year fixed jumbo refinance interest rate is 6.39%, down compared to last week’s of 6.41%.

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

A jumbo loan is a mortgage for an amount that exceeds the conforming loan limit in the area where you’re purchasing a home or refinancing your loan. You might need a jumbo loan if you're buying a bigger home, or if you're simply buying in an expensive area. A jumbo loan can be used to buy a primary home, an investment property or a vacation home.

Because jumbo loans are for higher amounts, they generally require higher credit scores and down payments than traditional, conforming loans, too. But maximum loan size and qualifying guidelines vary by location and lender.

How do jumbo loans compare to other mortgage types?

Historically, jumbo loan rates have been lower than conforming mortgage rates. However, that changed in the post-pandemic years, and these days, the two are often relatively similar.

Product	Interest Rate	APR
30-Year Fixed Rate Jumbo	6.50%	6.54%
15-Year Fixed Rate Jumbo	5.74%	5.81%
30-Year Fixed Rate	6.27%	6.33%
15-Year Fixed Rate	5.57%	5.67%
30-Year Fixed Rate FHA	5.78%	5.84%
30-Year Fixed Rate VA	6.14%	6.18%
3/1 ARM Rate	5.45%	6.08%
7/1 ARM Rate	6.07%	6.20%

Rates as of Friday, December 05, 2025 at 6:30 AM

Product	Interest Rate	APR
30-Year Fixed Rate Jumbo	6.39%	6.46%
15-Year Fixed Rate Jumbo	5.93%	6.00%
30-Year Fixed Rate	6.72%	6.79%
15-Year Fixed Rate	6.13%	6.23%
30-Year Fixed Rate FHA	6.56%	6.60%
30-Year Fixed Rate VA	6.51%	6.54%

Rates as of Friday, December 05, 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

A jumbo mortgage is a mortgage for an amount that’s higher than the Federal Housing Finance Agency’s current 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 to $1,548,975
Three units (triplex): $1,248,150 to $1,872,225
Four units: $1,551,250 to $2,326,875

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’ll likely get a lower rate if you have better credit and a stronger financial profile.

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 credit requirements for jumbo loans.
You have plenty of cash. Lenders generally require at least 10% down — which can be a substantial amount on a large loan.

BANKRATE EXPERT FAQ

What do the experts say?

Mark Hamrick

Washington Bureau Chief, Senior Economic Analyst

While jumbo loans once were associated with higher interest rates, their rates now often track closely with those of conforming loans. There’s no automatic benefit or penalty in staying just below the jumbo threshold. It really comes down to your loan size, your qualifications and what lenders are offering at the time.

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. That means you won't pay a penalty to take out a larger loan.
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%, 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.

How to get a jumbo mortgage

Borrowers might have to jump through a few extra hoops to get a jumbo mortgage than they would for a conforming one. 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: As with any loan, lenders will need to see 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 bigger 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.

FAQ

As with other types of mortgages, jumbo 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. While you can control your qualifying factors, you can’t control the other factors that determine your interest rate. For example, 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 can be 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, Senior 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.