Compare Mortgage Rates. Get Personalized Rates. Last Friday’s job report showed a deceleration in the pace of new jobs, up just 157,000 in July and the weakest since March. Upward revisions to the prior month, adding 59,000 jobs still made for a robust report. The unemployment rate fell to 3.9% from 4.0% reflecting how tight the job market is.
Mortgage rates continued this week’s trend of inching up, led by a fairly substantial 0.05% jump in 30-year fixed jumbo rates. Most other loan varieties. respectively. Here are today’s average.
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The new week kicked off with declining mortgage rates across the board, led by a 6-basis-point (a basis point equals 1/100 of a percent) drop in the 30-year fixed jumbo loan. modest 2 or 3 basis.
Mortgage rate report. fha mortgage rates and VA mortgage rates both held steady at 3.875%, with both programs appealing to borrowers focused on low or no down payment programs, especially first-time home buyers. Jumbo mortgage rates dropped to 4.375% while non-owner occupied mortgage rates remained at 4.625%.
15 year jumbo mortgage interest rates today are averaging at 4.16 percent, a decline from the prior week’s average jumbo mortgage loan rate of 4.24 percent. 15 year jumbo mortgage refinance rates today are also lower at 4.16 percent.
Today’s Best Jumbo Home Loan Rates On This Page. What is a Jumbo Mortgage? – qualification standards & how these loans compare against standard conforming mortages Conforming Mortgage Limits – loans above these limits are considered jumbo; Jumbo Mortgage Calculator – calculate your monthly loan payments; What Drives Mortgage Rates? – understanding how interest rate markets are.
The new week kicked off with declining mortgage rates across the board, led by a 6-basis-point (a basis point equals 1/100 of a percent) drop in the 30-year fixed jumbo loan. 2 or 3 basis points..
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That’s because mortgage rates are generally tiered, and typically lower mortgage rates are available for those with a down payment of 20% or more. If possible, consider increasing your down payment to see if it’ll get you a lower rate for your home loan.
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But for the coming week there is not a lot of economic data being released, so I think rates will hold at their current. “mortgage credit availability increased in September due to continuing.