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Compare jumbo refinance rates

Andrew Dehan Written by
Andrew Dehan
Alice Holbrook Edited by
Alice Holbrook
Updated on July 01, 2026

On Wednesday, July 01, 2026, the national average 30-year fixed jumbo refinance APR is 6.77%. The average 30-year fixed jumbo mortgage APR is 6.61%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

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79% of refinancers overpay. Are you one of them?

The average homeowner leaves thousands on the table by not comparing rates. Compare refinance offers and see what you could actually save before you commit.

Jumbo refinance rates today

Showing results for: Rate-and-term refinance offers for Single-family home, 5 year ARM and 30 year fixed mortgages with all points options.

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Tomo Mortgage 30 Year Fixed Refinance
NMLS #2059741 | State Lic: RM.804811.000
Rate as of 7/2/26
5.490%
APR
5.740%
Points: 1.979
Monthly payment
$1,501
Upfront costs: $6,9248 year cost: $115,497
Customer score
Sage Home Loans 30 Year Fixed Refinance
NMLS #3304 | State Lic: RM.850026.000
Rate as of 7/2/26
5.623%
APR
5.837%
Points: 1.738
Monthly payment
$1,519
Upfront costs: $6,0828 year cost: $117,816
Customer score
Third Federal Savings and Loan 30 Year Fixed Refinance
NMLS #449401
Rate as of 7/2/26
5.690%
APR
5.930%
Points: 2
Monthly payment
$1,531
Upfront costs: $6,7758 year cost: $119,916
Customer score
Optimum First Mortgage 30 Year Fixed Refinance
NMLS #240415 | State Lic: RM.804405.000
Rate as of 7/2/26
5.747%
APR
5.993%
Points: 1.863
Monthly payment
$1,540
Upfront costs: $6,9138 year cost: $120,883
Customer score
Loandepot 30 Year Fixed Refinance
NMLS #174457
Rate as of 7/2/26
5.990%
APR
6.230%
Points: 1.883
Monthly payment
$1,581
Upfront costs: $6,6668 year cost: $126,124
Customer score
New American Funding 30 Year Fixed Refinance
NMLS #6606
Rate as of 7/2/26
6.240%
APR
6.510%
Points: 1.856
Monthly payment
$1,624
Upfront costs: $7,3998 year cost: $131,610
Customer score
Mutual of Omaha Mortgage 30 Year Fixed Refinance
NMLS # 1025894
Rate as of 7/2/26
6.490%
APR
6.754%
Points: 1.846
Monthly payment
$1,667
Upfront costs: $7,1118 year cost: $137,144
Customer score
Optimum First Mortgage 5/6 Arm Refinance
NMLS #240415 | State Lic: RM.804405.000
Rate as of 7/2/26
5.374%
APR
6.111%
Points: 1.933
Monthly payment
$1,478
Upfront costs: $7,0988 year cost: $117,155
Customer score
Third Federal Savings and Loan 5/1 Arm Refinance
NMLS #449401
Rate as of 7/2/26
5.840%
APR
5.770%
Points: 1
Monthly payment
$1,556
Upfront costs: $4,1358 year cost: $127,974
Customer score

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About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $832,750 May Have Different Loan Terms: If you are seeking a loan for more than $832,750, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

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Table of contents

Weekly national mortgage interest rate trends

Current refinance rates  

15 year fixed refinance 6.06%
30 year fixed refinance 6.70%

Today's jumbo refinance rates

Jumbo loan refinance rates are slightly higher than conforming loan refinance rates as of this writing, according to Bankrate data. This is typically the case, though not always. Because of the loan amounts involved, jumbo loans are non-conforming, which means they can’t be sold to Fannie Mae or Freddie Mac — and the lender assumes all of the risk of the loan. Thus, lenders charge higher rates on jumbo loans to account for this risk.

For 2026, the conforming loan limit in most areas is $832,750. In parts of the country with a higher cost of living, the limit is $1,249,125. If you want to refinance an amount above these limits, based on your location, you’ll need to get a jumbo loan.

While you'll usually pay more for a jumbo loan, most housing economists predict rates will fall this year. This should make all mortgages more affordable, whether jumbo or not. 

Product Interest Rate APR
30-Year Fixed-Rate Jumbo 6.74% 6.77%
15-Year Fixed-Rate Jumbo 6.25% 6.31%


Rates as of Wednesday, July 01, 2026 at 6:30 AM

How to refinance a jumbo loan

Refinancing a jumbo mortgage follows virtually the same process as refinancing a conforming loan. Here are the key steps:

  1. Determine if it’s the right time to refinance:

    Most borrowers refinance to get a lower interest rate. If you can’t get a lower rate now due to the rate environment, your credit score or both, it might make more sense to hold off.

  2. Shop around for quotes:

    If you’ve decided now’s a good time to refinance your jumbo loan, compare offers from at least three mortgage lenders. The lender of your current mortgage might provide special pricing on a refi, but you don’t have to work with that lender if you find a better deal elsewhere.

  3. Check the requirements:

    Although you already have a mortgage, you’ll still need to qualify to refinance it. This includes meeting the lender’s minimum credit score and equity requirements, as well as ensuring you can afford the closing costs. 

Factors considered in jumbo refinance rates

As with the interest rate on any type of mortgage, jumbo refinance rates are based on a number of factors. These include:

  • Your credit score and finances: Borrowers with excellent credit scores and a low debt-to-income (DTI) ratio often qualify for the best refinance rates.
  • How much home equity you have: If you have a significant amount of equity in your home, you can usually get a better jumbo loan refinance rate.
  • Prevailing market rates: Jumbo loan refinance rates are influenced by market interest rates. When market rates are high, jumbo mortgage refinance rates tend to follow suit.
  • Your location: Rates can vary nationwide depending on the strength of local economies. Lenders might raise rates slightly to account for higher loan default risk in weaker economies.

Should you refinance your jumbo loan?

As you consider whether it makes sense to refinance your jumbo loan, assess your current situation. Compare your current interest rate with the new rate you could receive on the refinanced loan. If the new rate is significantly lower, you might save money by refinancing. Doing so can improve your cash flow and potentially mean you pay less interest over the life of your loan.

Mortgage rates overall are trending slightly downward and are likely to decrease at least a bit more over the course of 2026. So if you took out a jumbo loan a few years ago, when rates were higher, it may make sense to refinance.

You could also refinance your jumbo loan to take advantage of the equity you’ve built up in your home with a cash-out refinance. Say, for example, you’d like to remodel your home or meet some other important financial goal. With a cash-out refi, you could get the money you need at a more reasonable rate compared with a personal loan or credit card.

Before you move forward, use our mortgage refinancing calculator to help you run the numbers. You can see how much you could potentially save and determine whether refinancing is the right move for you.

Jumbo mortgage refinance FAQ

Additional resources on refinancing a jumbo loan

Meet our Bankrate experts

Andrew Dehan
Written by
Andrew Dehan Andrew Dehan Arrow Right Icon
Former Senior Writer, Home Lending
Read more from Andrew
Andrew Dehan is a former Bankrate housing reporter. He's taken the NMLS Loan Originator education classes and passed the MLO SAFE test. Besides Bankrate, his work has been published by Rocket Mortgage, Forbes Advisor and Business Insider. He’s also a poet, musician and nature-lover. He lives in metro Detroit with his wife and children.
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Expertise
  • Mortgages
  • Mortgage refinance
Alice Holbrook
Edited by
Alice Holbrook
Editor, Home lending

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