Compare jumbo refinance rates
On Friday, June 02, 2023, the national average 30-year fixed jumbo refinance APR is 7.12%. The average 30-year fixed jumbo mortgage APR is 7.06%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
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Weekly national mortgage interest rate trends
Current refinance rates
|15 year fixed refinance||6.47%|
|30 year fixed refinance||7.12%|
Today's jumbo refinance rates
The table below brings together a comprehensive national survey of mortgage lenders to help you know what are the most competitive jumbo refinance rates. This interest rate table is updated daily to give you the most current rates when choosing a jumbo refinance loan.
|30-Year Fixed-Rate Jumbo||7.11%||7.12%|
|15-Year Fixed-Rate Jumbo||6.45%||6.46%|
|7/1 ARM Jumbo||6.20%||7.80%|
|5/1 ARM Jumbo||6.06%||7.54%|
Rates as of Friday, June 02, 2023 at 6:30 AM
Top 5 Bankrate jumbo refinance lenders
- Ally Bank
- Watermark Home Loans
- Rocket Mortgage
- Sage Mortgage
Bankrate helps thousands of borrowers find mortgage and refinance lenders every day. To determine the top mortgage lenders, we analyzed proprietary data across more than 150 lenders to assess which on our platform received the most inquiries within a three-month period. We then assigned superlatives based on factors such as fees, products offered, convenience and other criteria. These top lenders are updated regularly.
Jumbo mortgage refinance FAQs
In many ways, a jumbo mortgage refinance is similar to a conventional refinance. You might need to look for a lender that specializes in jumbo mortgage loans, however, and you might need to accept that some jumbo refinance rates are slightly higher than what you’d see with conventional loans.
Prepare ahead of time by shopping around so that you can find the best jumbo mortgage refinance rates and make sure that you meet the requirements for a refinance. If you’re ready for the next step, and if you take the time to compare rates, you’re more likely to save money and improve your cash flow when you decide to refinance.
Written by: Jeff Ostrowski, senior mortgage reporter for Bankrate
Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.
Mortgage rates in other states
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