Breaking News

Holland Takes 2-0 Lead Over Brazil in World Cup Runner-up Match
Tweet TWEET

U.S. Jumbo Mortgage Rates Comparison

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 $419 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    3.140%   3.010%     13        $2,146       $25,752 
  last month          3.140%   3.000%     14        $2,146       $25,752 
  3 years ago         6.270%   6.090%     18        $3,085       $37,021 
  5 years ago         5.720%   5.530%     19        $2,908       $34,900 
---------------------------------------------------------------------------
15 Year Fixed Jumbo   4.060%   3.370%     69        $3,713       $44,562 
  last month          4.110%   3.350%     76        $3,726       $44,713 
  3 years ago         6.830%   6.060%     77        $4,447       $53,361 
  5 years ago         5.760%   5.490%     27        $4,155       $49,857 
===========================================================================
                                 Non-          --$500,000 Mortgage Cost--

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.