Jumbo 30-Year mortgage rates
Jumbo 30-year average 7.25% · Optimal Blue OBMMI · Nov 5, 2026
Jumbo rates are set by each lender rather than Fannie Mae and Freddie Mac, so they can land just above, at, or even below conforming rates, and they vary more from lender to lender. The spread against today's conforming average is below.
Jumbo 30-Year mortgage rates: chart & history
Over the past 52 weeks the jumbo 30-year average ranged from 6.10% (Feb 20, 2026) to 7.50% (Oct 2, 2026); today's 7.25% is 0.25 percentage points below the high. Weekly readings of Optimal Blue's daily index of rates lenders actually locked, with the conforming 30-year from the same index for comparison — from the last 30 days to 5 years.
- Now
- 7.25%
- Nov 5, 2026
- 1 week ago
- 7.36%
- −0.11 pts
- 1 month ago
- 7.44%
- −0.19 pts
- 1 year ago
- 6.46%
- +0.79 pts
Jumbo 30-Year: Optimal Blue OBMMI (rates lenders locked), weekly. National series.
Jumbo vs. conforming pricing today
A $960,000 loan (a $1.2 million home with 20% down), both rates from the same Optimal Blue index:
| Rate | Monthly P&I | |
|---|---|---|
| Jumbo 30-year | 7.25% | $6,549 |
| Conforming 30-year (same source) | 7.09% | $6,445 |
Jumbo is 0.16 percentage points above conforming today, a $104 monthly difference on this loan. Jumbo loans usually also need a larger down payment, a ~700+ score and cash reserves.
Is my jumbo 30-year rate competitive?
Enter the rate from your quote or Loan Estimate. It's compared with today's national average of rates lenders actually locked for this program (Optimal Blue) and that average's 52-week range. The index mixes borrowers of every credit score and down payment, so treat it as a yardstick, not a promise.
An example rate is filled in — replace it with yours. Jumbo loans are priced by each lender, not by Fannie Mae’s grid, so no credit-score adjustment applies here.
In line with the average lenders locked for this program, within the normal spread between lenders.
Shaded: the average's 52-week range, 6.10%–7.50%.
- Your payment
- $6,712/mo
- principal & interest at 7.50%
- At today's average
- $6,549/mo
- jumbo 30-year average, 7.25%
- 5 years of payments
- +$9,814
- $164 a month more than at the average
Have quotes from several lenders? Compare up to three side by side — payment, cash up front, APR and when points pay back.
Expect a 700+ credit score, 10–20% down and full documentation. Because banks price jumbos for strong-deposit clients, an existing banking relationship is negotiating leverage on the rate.
In high-cost counties, a “high-balance” conforming loan can sit between the standard limit and jumbo territory — a distinction worth a fraction of a percentage point.
Jumbo 30-Year rate FAQ
What is the current jumbo 30-year rate?
The national average jumbo 30-year rate is about 7.25% (Optimal Blue OBMMI, Nov 5, 2026). On a $400,000 loan that works out to roughly $2,729 a month in principal and interest over 30 years.
Averages assume a well-qualified borrower; your quote depends on credit, down payment and lender.
What is a good jumbo 30-year mortgage rate right now?
A quote at or below today's 7.25% average is a good jumbo 30-year rate — that's Optimal Blue's index of rates lenders actually locked (Nov 5, 2026), across borrowers of every credit score and down payment. Over the past 52 weeks it ranged from 6.10% to 7.50%.
Quotes for the same borrower routinely differ by a quarter point or more between lenders, so a rate within about 0.25 percentage points of the average is competitive; much more than that is worth questioning. Test yours in the rate check above.
Are jumbo rates higher than conforming rates?
Not always. Today the jumbo 30-year averages 7.25% versus 7.09% for conforming loans in the same Optimal Blue data, 0.16 percentage points higher. Because each lender sets its own jumbo pricing, quotes vary more than on conforming loans, so compare several.
Why is my quoted rate different from the average?
National averages assume strong credit, a solid down payment and a single-family primary home. Lower scores, smaller down payments, condos, second homes and cash-out all add pricing adjustments, so the average is a benchmark for judging quotes, not a promise.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment figures are principal and interest, plus mortgage insurance or program fees only where a row says so; property tax and homeowners insurance are not included. Confirm current pricing with a licensed lender.