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U.S. Jumbo Mortgage Rates Comparison

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Nov. 1 (Bloomberg) -- 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 $417 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%   3.000%     14        $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         5.770%   5.570%     20        $2,924       $35,091 
---------------------------------------------------------------------------
15 Year Fixed Jumbo   4.050%   3.420%     63        $3,711       $44,532 
  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         5.810%   5.550%     26        $4,168       $50,018 
===========================================================================
                                 Non-          --$500,000 Mortgage Cost--
                       Jumbo    Jumbo   Diff.       Monthly        Yearly
===========================================================================
30 Year Fixed Jumbo   4.810%   4.130%     68        $2,626       $31,516 
  last month          4.830%   4.030%     80        $2,632       $31,589 
  3 years ago         7.630%   6.410%    122        $3,541       $42,488 
  5 years ago         6.140%   5.840%     30        $3,043       $36,515 
===========================================================================
Note: a 5/1 ARM is a 30-year loan with the first five years fixed at
a certain mortgage rates and then years 6-30 adjusting annually. To graph
the spread between a 30-year fixed conforming loan and a 30-year fixed non-
conforming, see {ILMJNAVG <Index> ILM3NAVG <Index> HS2 <GO>}
Please see: www.fanniemae.com/aboutfm/pdf/historicalloanlimits.pdf

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

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