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Jumbo Mortgage Rates

 

 

Jumbo Mortgage Rates


Mortgage rates are the standard rate in which a mortgage lender conveys an interest in a buyers property as security for a loan. Mortgage rates are generally based on the Ten Year Treasury Notes. 30-year jumbo mortgage rates and 15-year jumbo mortgage rates correspond directly and move in the same direction as the Ten Year Treasury Yield.

 

Types of Jumbo Mortgage Rates

  • Fixed jumbo mortgage rates- a single interest rate charged for the life of the loan. These mortgage rates are set and will not change.
  • Variable mortgage rates- an adjustable rate of interest. These mortgage rates are subject to the variation of specific financial indexes such and the the LIBOR or MTA.

Non-economic factors that effect jumbo mortgage rates

Mortgage rates can be dependent on your credit history, property, debt to income ratio, loan type, term and loan amount.

 

 

 



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