Checking today's mortgage rates
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Jumbo mortgage rates
The current U.S. jumbo mortgage rate is 6.720% as of Aug 28, 2026, based on Optimal Blue rate-lock data published by FRED.
Up 10 basis points from Aug 27, 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
Aug 28, 2026
Latest 90 published observations for Jumbo.
A crawlable record of the latest values, with each row compared with the prior valid observation.
High across 30 observations
6.777% · Aug 18, 2026
Low across 30 observations
6.544% · Jul 20, 2026
Net change since Jul 20, 2026
+18 bps
| Observation date | Rate | Change from prior observation |
|---|---|---|
| Aug 28, 2026 | 6.720% | +10 bps |
| Aug 27, 2026 | 6.617% | −8 bps |
| Aug 26, 2026 | 6.701% | −6 bps |
| Aug 25, 2026 | 6.761% | +8 bps |
| Aug 24, 2026 | 6.683% | +4 bps |
| Aug 21, 2026 | 6.646% | −10 bps |
| Aug 20, 2026 | 6.748% | +11 bps |
| Aug 19, 2026 | 6.639% | −14 bps |
| Aug 18, 2026 | 6.777% | +11 bps |
| Aug 17, 2026 | 6.671% | +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
3 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 | Aug 28, 2026 | 6.720% | 30 years | $1,940 | $398,334 |
| 30-Year Fixed | Aug 28, 2026 | 6.688% | 30 years | $1,933 | $396,041 |
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.
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.