Jumbo Rates
Monday, October 10, 2011 -
Article by:
gmain07 - Equity Mortgage Lending -
Following is a comparison of mortgage rates for "jumbo" mortgages or mortgages greater than $417,000. During the past five years, the monthly mortgage payment for a hypothetical $500,000 30-year fixed jumbo mortgage has fallen $407 according to a survey compiled by Bankrate. In certain areas, a jumbo loan is for loans exceeding $625,000.=========================================================================== Non- --$500,000 Mortgage Cost-- Jumbo Jumbo Diff. Monthly Yearly===========================================================================5/1 Year Jumbo ARM 3.170% 3.070% 10 $2,154 $25,850 last month 3.180% 2.990% 19 $2,157 $25,882 3 years ago 6.110% 5.800% 31 $3,033 $36,398 5 years ago 5.730% 5.540% 19 $2,912 $34,938 ---------------------------------------------------------------------------15 Year Fixed Jumbo 4.140% 3.450% 69 $3,734 $44,803 last month 4.080% 3.380% 70 $3,719 $44,622 3 years ago 6.560% 5.520% 104 $4,372 $52,465 5 years ago 5.780% 5.520% 26 $4,160 $49,921
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