Jumbos now cost more than traditional mortgages

Interest rates on so-called jumbo mortgages are above the historically low rates for smaller traditional mortgages for the first time in five years. It’s a sign that lenders now see smaller loans as safer since the federal government stepped in to hold up the mortgage market amid the coronavirus pandemic, according to the Wall Street Journal. Home loans are considered “jumbo mortgages” if they’re too big to be sold to federal government-backed Fannie Mae and

source https://therealdeal.com/2020/07/27/jumbos-now-cost-more-than-traditional-mortgages/