Read our article: The Spread Between Conventional Mortgage Rates and Jumbo Rates Vanish.
In times past, conventional mortgage rates were 0.2 to 0.3 of a point below jumbo mortgage rates. But today, rates are about the same for both conventional and jumbo home mortgage.
“Rates for a conventional 30-year fixed mortgage are averaging 4.48 percent, according to Bankrate. For “jumbo” mortgages — those above $417,000 in much of the country — the average is 4.47 percent,” Time reports.