While 30 year mortgage rates are near historic lows , hovering around or under 5 percent for conforming loans (amounts under $417K) rates for jumbo loans (amounts over $417K) are now hovering in the low 6’s, down from the 7 or 8 percent range. Because a single loan of $600K represents more risk to a lender than 3 separate loans for $200K, rates have always been higher on jumbo loans. However, this week several banks have announced jumbo loans programs with rates under 6 percent. Contact us for more information.