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Letter - J  
Jumbo Loan A mortgage that is of a greater amount than the limits set by Freddie Mac or Fannie Mae. You will usually pay a higher interest rate with a jumbo loan since they are harder to fund than conforming loans. Also known as a nonconforming loan.
   
 
 
 
 


Avg. National Rates
30 Yr Fixed 5.78%
15 Yr Fixed 5.39%
1 Yr ARM 4.80%
WSJ Prime 6.50%
Fed Funds 3.50%

 



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