- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Jumbo mortgage loan rates
Posted on 5/13/20 at 5:18 pm
Posted on 5/13/20 at 5:18 pm
Anyone have the latest rates for 30 year fixed? No one replies to any comments about Jumbo loan rates in any of the other threads, so I thought I'll make a separate one for it.
2
Posted on 5/13/20 at 5:39 pm to Street Hawk
I'm curious what they are now. Saw 3.625 a bit ago but that wasn't ideal circumstances so probably could have done better.
This post was edited on 5/14/20 at 8:15 am
Posted on 5/13/20 at 8:18 pm to Teddy Ruxpin
Was quoted 3.25% on a 30 a few weeks ago and 2.75% on a 15.
This post was edited on 5/13/20 at 8:20 pm
Posted on 5/13/20 at 8:59 pm to TrueTiger07
Ya that sounds right if you're 20% down.
Maybe even if you're on the lower end of jumbo as opposed to a million but I don't know shite about that
Maybe even if you're on the lower end of jumbo as opposed to a million but I don't know shite about that
Posted on 5/13/20 at 9:06 pm to TrueTiger07
Can you tell me where you got this?
Posted on 5/13/20 at 9:10 pm to TrueTiger07
On a jumbo loan? not even close 
We are no where near that and haven't been for a month plus. Most of the jumbo market pulled out. Best I see is around 4% on the 10/1 and 3.375% on the 5/1 for a jumbo refi. Fixed rates you probably don't even want to know.
We are no where near that and haven't been for a month plus. Most of the jumbo market pulled out. Best I see is around 4% on the 10/1 and 3.375% on the 5/1 for a jumbo refi. Fixed rates you probably don't even want to know.
This post was edited on 5/13/20 at 9:11 pm
Posted on 5/14/20 at 12:49 am to HYDRebs
quote:
Best I see is around 4% on the 10/1 and 3.375% on the 5/1 for a jumbo refi. Fixed rates you probably don't even want to know
What changed so suddenly and so drastically? Weren't there some great rates to be had in March? Any chance we get below 3.25% for 30 year fixed any time soon?
Posted on 5/14/20 at 8:14 am to Street Hawk
I can tell you March was a total shitshow with lenders pulling out or tightening on jumbos. No clue if that continued but sounds like it did.
Posted on 5/14/20 at 8:39 am to Teddy Ruxpin
I had a sweetheart deal lined up in February but could not pull the trigger because my architect was dragging arse, These products are not government backed and Investors have vanished.
Based on what I'm seeing now, I'm probably going to get a line of credit against other assets with a bank I have a business relationship with.
I really hate to lose the opportunity cost of cash if I can get sub 3 percent money but the prospect of doing that straight up on your personal residence ain't looking so hot unless there is a major shift in the market. I too am all ears
Based on what I'm seeing now, I'm probably going to get a line of credit against other assets with a bank I have a business relationship with.
I really hate to lose the opportunity cost of cash if I can get sub 3 percent money but the prospect of doing that straight up on your personal residence ain't looking so hot unless there is a major shift in the market. I too am all ears
Posted on 5/14/20 at 8:41 am to Street Hawk
we got 3.625 on a jumbo construction loan before all of this crap started. thank goodness. our banker told us last week anything jumbo is really dicey right now (in the 4's minimum)
Posted on 5/14/20 at 2:27 pm to Street Hawk
quote:
What changed so suddenly and so drastically? Weren't there some great rates to be had in March? Any chance we get below 3.25% for 30 year fixed any time soon?
Yes early March had some steals to be had on the jumbo rate market if you jumped on them quick enough. Several issues with a jumbo loans though.. It is not a government backed loan meaning the investor is taking on more risk. Another is fluctuation in home values tends to hit higher priced homes in a recession greater than a lower priced home, so the investors could be sitting with some heavy losses quickly. Which with uncertainties in the market spooked a lot of jumbo loan investors. Depends on what you mean by any time soon i guess.
It's possible they could get back in that range you never know for sure. If housing markets stay stabilized and values don't plummet you could see Jumbo rates come down once certain banks/investors come back into the market.
Posted on 5/14/20 at 7:28 pm to HYDRebs
During the first week of March I locked in at 3.25% fixed on a 30 year jumbo loan. I had the option to buy down to 3.0% but I decided against it because I wanted to hold on to cash. I feel fortunate but also think that rates will ultimately come down for jumbos within the next 12-18 months or sooner.
Btw, this is the best resource I have found for current mortgage rates including 30 year jumbo loans LINK
Btw, this is the best resource I have found for current mortgage rates including 30 year jumbo loans LINK
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News