Jumbo mortgage rates
The current U.S. jumbo mortgage rate is 7.403% as of Oct 15, 2026, based on Optimal Blue rate-lock data published by FRED.
Down 14 basis points from Oct 14, 2026.
This national average covers locked 30-year fixed jumbo mortgages across the United States. Jumbo generally means the loan amount exceeds the conforming limit that applies in that year and location.
Jumbo underwriting varies widely, so this national average cannot replace a lender's quote for a specific borrower and property.
Source
Optimal Blue / FRED
Measure
Locked-loan average
Data through
Oct 15, 2026
Latest 90 published observations for Jumbo.
Daily 30-year fixed lock averages, Oct 16, 2025 to Oct 15, 2026.
On Oct 15, 2026, the average 30-year jumbo rate was 7.403%, 11 basis points above the 30-year conforming average of 7.294%. Over the past 248 shared trading days the jumbo average was below conforming on 11% of days.
Spread today
+11 bps
Average over 248 days
+15 bps
Widest spread
+44 bps · Nov 14, 2025
Narrowest spread
−11 bps · Aug 11, 2026
Spread = jumbo average minus conforming average on the same day; days missing from either series are skipped. A basis point is 0.01 percentage point. Source: Optimal Blue OBMMI via FRED.
Monthly averages of the daily lock data, newest month first.
| Month | 30-yr jumbo | 30-yr conforming | Jumbo spread |
|---|---|---|---|
| Oct 2026(10 days so far) | 7.453% | 7.393% | +6 bps |
| Sep 2026 | 7.026% | 7.011% | +2 bps |
| Aug 2026 | 6.691% | 6.678% | +1 bps |
| Jul 2026 | 6.630% | 6.578% | +5 bps |
| Jun 2026 | 6.538% | 6.471% | +7 bps |
| May 2026 | 6.556% | 6.439% | +12 bps |
| Apr 2026 | 6.495% | 6.282% | +21 bps |
| Mar 2026 | 6.428% | 6.213% | +22 bps |
| Feb 2026 | 6.234% | 6.016% | +22 bps |
| Jan 2026 | 6.353% | 6.078% | +27 bps |
| Dec 2025 | 6.435% | 6.191% | +24 bps |
| Nov 2025 | 6.493% | 6.211% | +28 bps |
For every loan type on one chart, see mortgage rate history and trends, or compare with today's 30-year fixed mortgage rate.
Based on the FHFA's 2026 conforming loan limits for one-unit homes.
Most U.S. counties
$832,750
High-cost counties, up to
$1,249,125
A one-unit loan above the limit for its county is generally a jumbo loan. Because the limit depends on the county and the number of units, check the 2026 conforming vs. jumbo loan limits before assuming which side of the line a loan falls on. Each lender sets its own jumbo down-payment, reserve, and credit requirements, so ask for them in writing.
Run the numbers on a jumbo-size loan:
A crawlable record of the latest values, with each row compared with the prior valid observation.
High across 30 observations
7.562% · Sep 29, 2026
Low across 30 observations
6.728% · Sep 8, 2026
Net change since Sep 2, 2026
+60 bps
| Observation date | Rate | Change from prior observation |
|---|---|---|
| Oct 15, 2026 | 7.403% | −14 bps |
| Oct 14, 2026 | 7.543% | +5 bps |
| Oct 13, 2026 | 7.495% | +5 bps |
| Oct 9, 2026 | 7.443% | +7 bps |
| Oct 8, 2026 | 7.374% | −15 bps |
| Oct 7, 2026 | 7.528% | +14 bps |
| Oct 6, 2026 | 7.387% | −14 bps |
| Oct 5, 2026 | 7.526% | +3 bps |
| Oct 2, 2026 | 7.496% | +16 bps |
| Oct 1, 2026 | 7.337% | −2 bps |
Weekends, holidays, and missing observations are skipped. A basis point is 0.01 percentage point.
A reproducible $300,000 principal-and-interest illustration using each series' latest labeled observation.
This comparison measures the difference between two national 30-year locked-loan averages. It is useful for market direction, but it does not compare matched borrowers: jumbo pricing can change with the property's county, loan size, liquid reserves, documentation, and a lender's balance-sheet appetite.
Jumbo rate difference
11 bps above 30-Year Fixed
Comparison principal
$300,000
Payment measure
Principal + interest only
| Market series | Observation | Rate | Term | Est. monthly P&I | Est. full-term interest |
|---|---|---|---|---|---|
| Jumbo | Oct 15, 2026 | 7.403% | 30 years | $2,078 | $447,991 |
| 30-Year Fixed | Oct 15, 2026 | 7.294% | 30 years | $2,055 | $439,976 |
Both payment rows use $300,000 only to isolate the observed rate difference. An actual jumbo balance is generally above the applicable conforming limit.
Official annual limits and county-level files used to identify jumbo loans.
How to compare lender pricing beyond the note rate.
Market observations refresh automatically; the comparison is calculated from the labeled values above. Read the methodology.
A loan is generally jumbo when it exceeds the applicable conforming loan limit. The limit changes by year and can vary by location, so there is no single permanent dollar threshold.
Jumbo loans are generally not purchased by Fannie Mae or Freddie Mac. Lenders assess the larger balance, assets, reserves, and market demand directly, so the rate can be above or below a conforming rate.
The page uses the Optimal Blue jumbo lock index, normally published on the next business day, and labels every observation date.
Clear limits on what this number can tell you.
No. Bank strategy, market liquidity, and borrower profiles can make jumbo averages higher, similar, or occasionally lower than conforming averages.
It depends on the property's location and the conforming loan limit for that calendar year.
For one-unit homes, the 2026 conforming limit is $832,750 in most U.S. counties and up to $1,249,125 in designated high-cost counties. A loan above the limit for its county is generally jumbo.
It is the 30-year fixed jumbo lock average minus the 30-year fixed conforming lock average on the same day, in basis points. Days missing from either series are skipped.
No. The jumbo series used here, Optimal Blue OBMMIJUMBO30YF, tracks 30-year fixed jumbo locks only. For a 15-year jumbo rate, ask lenders for a written quote.
This national average covers locked conforming 30-year fixed mortgages across the United States. An individual lender quote depends on the borrower and loan details.
This national average covers locked 15-year fixed mortgages across the United States. A 15-year loan repays principal faster than a 30-year loan, so its rate and monthly-payment structure are different.
This national average covers locked 30-year fixed FHA mortgages across the United States. Approved lenders originate FHA loans, while the Federal Housing Administration insures them.
This national average covers locked 30-year fixed VA mortgages across the United States. VA loans serve eligible service members, veterans, and certain qualifying family members.