Jumbo mortgage rates are "true market rates" because they lack government subsidies. Inasmuch, they are decidedly higher than government insured loan programs. Here are some rough breakpoints, along with corresponding rates:
Super Jumbo: $1,000,000 to $3,000,000- 7.125%
Jumbo: $730,000- $1,000,000- 6.5%
Agency Jumbo: $417,000-$729,750- 5.5%
Conforming: $417,000 and under- 5.25%
These are rough benchmarks. The higher the loan amount, the more equity required for approval. Jumbo loans are very sensitive so the quotes may differ from what I'm showing here. For a tailored jumbo mortgage rate quote, call me at (858)-777-9751.