U.S. Jumbo Mortgage Rates Comparison

Nov. 3 (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 $419 according to a survey compiled by Bankrate. In certain areas, a jumbo loan is for loans exceeding $625,000.

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                                 Non-          --$500,000 Mortgage Cost--
                       Jumbo    Jumbo   Diff.       Monthly        Yearly
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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 
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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 
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                                 Non-          --$500,000 Mortgage Cost--
                       Jumbo    Jumbo   Diff.       Monthly        Yearly
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30 Year Fixed Jumbo   4.760%   4.050%     71        $2,611       $31,335 
  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         6.100%   5.780%     32        $3,030       $36,360 
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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: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

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