Mortgage Rates 8-31-2018 Lender411

By Joy Green Updated on 8/31/2018

Jumbo Loans could be making a comeback. CoreLogic’s Insights Blog has provided some awareness around changing trends for a Jumbo Loan. Borrower costs are lower for a jumbo loan than conforming. Up until the 2007/2008 recession, conforming loans were less expensive. Although, Jumbo Loans tend to have comparatively higher credit standards as they are riskier to banks, so if you are a credit risk, consider working with a reputable credit repair agency and look into the cost benefits of a Jumbo Loan!

Bookmark this page for mortgage rates:

• 30-year (FRM) rates at 4.66% (0.00%)

• 15-year (FRM) rates at 4.17% (0.00%)

• FHA 30-year Fixed rates at 4.38% (0.00%)

• Jumbo 30-year Fixed rates at 4.35% (0.00%)

• 5/1 ARM rates at 3.99% (+0.01%)

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