The rates for jumbo loans are less competitive than conforming loans. Additionally, ARMs are popular in the jumbo arena. While fixed rates are offered, the rates are significantly higher than those of conforming loans.
Jumbo Vs Conforming Mortgage – A Home for your Family – A conforming loan is a mortgage that "conforms" to Fannie Mae and. Check out current jumbo mortgage rates and save money by comparing your free, customized jumbo loan rates from NerdWallet. We’ll show both current and historical mortgage rates.
Many institutions offer jumbo mortgage loans with either fixed or adjustable rates and the same pay-off terms as conforming loans. However, there are some.