As the name implies, it’s a loan for a lot more money. But it has higher requirements, too.

A jumbo loan is a large mortgage loan for properties outside the primary real estate market. Read on to learn more.

Refinancing your mortgage can make financial sense for many reasons. You may qualify for better loan terms that can make your monthly mortgage payments more affordable. Or you can shorten your loan ...

Homebuyers look at mortgage rates to help them decide whether it’s the right time to buy a home, and if so, how much they can afford to spend. When they plan to finance the home with a jumbo loan, ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

In today’s high-cost housing market, you don’t need to be shopping for a mansion to stumble into jumbo loan territory. Traditionally used for luxury properties, jumbo loans are becoming an everyday ...

For older homeowners who need cash, a reverse mortgage may be an option. But if your home value is higher than federal reverse mortgage limits allow, you might consider a jumbo reverse mortgage. Jumbo ...

Mortgage rates for 30-year fixed loans rose to an average of 7.32% from 7.26% last week. That's down from last month’s 7.39% and up from a year ago when it was 7.28%. For every $100,000 you borrow, ...

What Are the Current Jumbo Mortgage Rates? The 30-year Fixed Rate Jumbo Mortgage Index is 7.05% as of Nov. 19, according to the Federal Reserve Bank of St. Louis. The index, from Optimal Blue Mortgage ...