4.25% 30 Year Fixed Rate
Loan Amount
Loan Type

Program Rate APR
30-Yr fixed 4.750 % 0.7 to 1
15-Yr fixed 3.750 % 0.7 to 1
5/1 ARM 3.125 % 0.7 to 1
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Low Interest Jumbo Loan Rates

There are many low interest mortgage rates available today. Due to the sluggish housing market and the slow economy, many mortgage lenders and banks are offering residential mortgage rates at a very low interest rate. Jumbo loans rates are also currently offered at a very low rate. Nationally, the rate is hovering just above 4% per year for a fixed thirty year mortgage.

A mortgage loan of $417,000 to $730, 000 is considered to be a jumbo loan. Traditionally, the jumbo loan rates are higher than a conforming loan rate. However, with the cost of money at an all time low, the jumbo loan rates have also dropped. Currently, it is possible to secure jumbo loan for a fixed rate for thirty years at 4.375%, or a fifteen year fixed rate loan for only $3.75%. These low interest mortgage rates are at an historically low price point. Because the mortgage rates are so low right now, you will be able to qualify for a much larger home than you would have been able to in years past. You may even be able to purchase the home of your dreams because lower mortgage rates mean a lower monthly payment.

If you are currently living in a densely populated area where the property prices are high, you may need to secure a jumbo loan in order to buy even a modest home. Some of the most expensive areas in which to live in the United States are New York City, Washington D.C., San Francisco and Seattle. If you plan on purchasing a home in one of these areas, be advised that you may need to take out a jumbo loan. In years past, the mortgage rates for jumbo loans were substantially higher than conforming size mortgage loans. Jumbo loans were considered to be a higher risk than a more standard loan size under $417, 000.

However, property prices have risen steadily over time and in the more populated areas as mentioned above, it is quite usual for a standard single family home with three bedrooms to be at least $500,000. This purchase price will put you squarely in the jumbo loan program. The good news is that the low interest mortgage rates, even for jumbo loans, will facilitate you purchasing and owning a much larger home than you may have been able to afford five or ten years ago. If you are planning to apply for a mortgage loan, make sure to check your credit report for accuracy and obtain several rate quotes from different lenders.