Question:

How big are the 30 year fixed jumbo mortgage rates?

Answer:

The 30 year fixed jumbo mortgage rates are higher than the conforming 30 year fixed rate mortgage rates. When there is a crisis in the mortgage industry, borrowers living in high cost areas and people buying expensive properties (as a residence at the ocean front) are being offered much higher rates.

While normally the spread between a conventional 30 year fixed rate mortgage and a jumbo loan for the same term is around .3%, when market is tight the spread can easily go up to 1% in less than a month's time.

Even when the conventional 30 year fixed rate mortgage has falling rates, jumbo loan rates keep going up as lenders require greater markup for exotic loans.

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Common misspellings: mortage and morgage