Sentences with phrase «jumbo rates exceeded»

«For the second week in a row, jumbo rates exceeded conforming rates on 30 - year fixed - rate loans, reversing the pattern that has been in place for much of the past three years,» Fratantoni says.

Not exact matches

Cincinnati - based Fifth Third Bancorp, for example, sometimes offers lower interest rates to borrowers with FICO scores over 800 than to borrowers with FICO scores from 760 to 800 for jumbo mortgages — home loans that exceed $ 417,000 in most of the country, or $ 625,500 in pricier markets such as New York and San Francisco, according to Informa.

Jumbo loan rates are considerably higher than conformaing or FHA rates, and when FHA limits exceed the conforming limit, borrowers can take advantage of the lower FHA rate.

Borrowers who take out a jumbo mortgage — one that exceeds the «conforming loan limits» set by Fannie Mae, Freddie Mac and the FHA — usually pay a higher mortgage rate than do borrowers who take out conforming loans.

Jumbo Loans - Jumbo rates are for loan amounts exceeding $ 453,100 ($ 679,650 in AK and HI).

Remember that anything that exceeds the conforming loan limit is considered a jumbo loan and will likely come with a higher interest rate.

Mortgages that exceed the conforming loan limit in a given county are considered «jumbo loans» and generally carry a higher interest rate to compensate the bank for the risk of lending such a large sum.

Any loan that exceeds the conforming loan limit is a jumbo loan and generally comes with a higher interest rate.