30-Year Fixed Rate Jumbo Mortgage Index
OBMMIJUMBO30YF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.64
Year-over-Year Change
-6.81%
Date Range
10/6/2021 - 8/5/2025
Summary
The 30-Year Fixed Rate Jumbo Mortgage Index tracks the average interest rates for large residential mortgage loans that exceed conventional conforming loan limits. This metric provides critical insights into high-value real estate lending conditions and broader housing market dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index represents mortgage rates for loans larger than standard government-sponsored enterprise (GSE) limits, typically reflecting lending conditions for premium and luxury residential properties. Economists and financial analysts use it to assess credit market health, lending risk, and potential shifts in real estate investment strategies.
Methodology
The index is calculated by aggregating reported mortgage rates from a representative sample of major financial institutions, weighted by loan volume and geographic distribution.
Historical Context
Policymakers and central banks use this index to monitor lending trends, assess credit market liquidity, and inform monetary policy decisions.
Key Facts
- Jumbo mortgages exceed standard conforming loan limits set by Fannie Mae and Freddie Mac
- Typically requires higher credit scores and more stringent qualification standards
- Rates can differ significantly from conventional mortgage rates due to increased lender risk
FAQs
Q: What makes a mortgage a 'jumbo' loan?
A: A jumbo loan exceeds the conforming loan limits set annually by federal housing agencies, which vary by region but typically start around $726,200 in most U.S. markets.
Q: How do jumbo mortgage rates differ from conventional rates?
A: Jumbo mortgage rates are often slightly higher due to increased lender risk, reflecting the larger loan amounts and more complex underwriting requirements.
Q: How frequently is the Jumbo Mortgage Index updated?
A: The index is typically updated weekly, reflecting current market conditions and changes in lending rates across major financial institutions.
Q: Who uses the Jumbo Mortgage Index?
A: Real estate investors, financial analysts, mortgage brokers, and economic policymakers use this index to understand high-end real estate lending trends.
Q: What factors influence jumbo mortgage rates?
A: Rates are influenced by factors including Federal Reserve monetary policy, overall economic conditions, individual borrower creditworthiness, and broader financial market dynamics.
Related Trends
30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Less Than or Equal to 80, FICO Score Between 720 and 739
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15-Year Fixed Rate Conforming Mortgage Index
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30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Less Than or Equal to 80, FICO Score Less Than 680
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30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Greater Than 80, FICO Score Between 680 and 699
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Citation
U.S. Federal Reserve, 30-Year Fixed Rate Jumbo Mortgage Index [OBMMIJUMBO30YF], retrieved from FRED.
Last Checked: 8/1/2025