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Compare jumbo refinance rates
By Zach Wichter
On Tuesday, October 26, 2021, the national average 30-year fixed jumbo refinance APR is 3.310%. The average 30-year fixed jumbo mortgage APR is 3.370%, according to Bankrate’s latest survey of the nation’s largest refinance lenders.
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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 $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, 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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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||3.250%||3.310%|
|15-Year Fixed-Rate Jumbo||2.520%||2.580%|
|7/1 ARM Jumbo||2.890%||3.920%|
|5/1 ARM Jumbo||2.670%||3.690%|
Rates as of Tuesday, October 26, 2021 at 6:30 AM
The bottom line
In many ways, a jumbo mortgage refinance is similar to a conventional refinance. However, because a jumbo loan isn’t the same thing as a conventional mortgage, there are a few things you do need to keep in mind. You might need to look for a lender that specializes in jumbo mortgage loans, 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: Zach Wichter, mortgage reporter for Bankrate
Zach Wichter is a mortgage reporter at Bankrate. He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy.
|Loan Type||Purchase Rates||Refinance Rates|
|The table above links out to loan-specific content to help you learn more about rates by loan type.|
|30-Year Loan||30-Year Mortgage Rates||30-Year Refinance Rates|
|20-Year Loan||20-Year Mortgage Rates||20-Year Refinance Rates|
|15-Year Loan||15-Year Mortgage Rates||15-Year Refinance Rates|
|10-Year Loan||10-Year Mortgage Rates||10-Year Refinance Rates|
|FHA Loan||FHA Mortgage Rates||FHA Refinance Rates|
|30-Year FHA Loan||30-Year FHA Loan Rates||30-Year FHA Refinance Rates|
|VA Loan||VA Mortgage Rates||VA Refinance Rates|
|ARM Loan||ARM Mortgage Rates||ARM Refinance Rates|
|5/1 ARM||5/1 ARM Rates||5/1 Refinance Rates|
|7/1 ARM||7/1 ARM Rates||7/1 Refinance Rates|
|10/1 ARM||10/1 ARM Rates||10/1 Refinance Rates|
|Jumbo Loan||Jumbo Mortgage Rates||Jumbo Refinance Rates|
|30-Year Jumbo Loan||30-Year Jumbo Loan Rates||30-Year Jumbo Refinance Rates|
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