30 Year Fixed Rate Jumbo

October 5 2020 compare virginia 30 year fixed jumbo mortgage rates with a loan amount of 600 000.

30 year fixed rate jumbo. Mortgage rates valid as of and assume borrower has excellent credit including a credit score of 740 or higher. Arm interest rates and payments are subject to increase after the initial fixed rate period 5 years for a 5 1 arm 7 years for a 7 1 arm and 10 years for a 10 1 arm. On monday october 05 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed jumbo mortgage rate is 3 110 with an apr of 3 200. Employers added 661 000 jobs in september 859 000 expected unemployment rate fell to 7 9 8 2 expected breaking news oct 02 2020 tesla sales surge as global demand picks up speed.

15 20 and 30 year. How bankrate s mortgage rates are calculated. Select a product to view important disclosures payments assumptions and apr information. The 30 year fixed rate mortgage is equal to one week ago and 107 basis points lower than one year ago.

However the lower monthly payment comes at a cost of paying more in interest over the life of the loan. Financial institutions offer various fixed rate mortgages including the more common fixed rate mortgages. The 30 year fixed jumbo mortgage rate is 3 110 with an apr of 3 200. The amount of a jumbo mortgage will exceed the current fannie mae and freddy mac loan.

Rates terms and fees as of 10 05 2020 10 15 am eastern daylight time and subject to change without notice. Click the lender name to view more information. Estimated monthly payments shown include principal and interest only. Keep in mind fixed rate only refers to the rates but there are many types of fixed rate mortgages such as 15 year fixed rate jumbo fixed rate and 30 year fixed rate mortgages.

Out of the three the 30 year fixed is the most popular mortgage because it usually offers the lowest monthly payment.