Mumbo jumbo: Why are mortgage rates all over the place?

Jumbo loans, typically seen as lower risk investments by banks, are seeing rates vary widely among lenders. The mortgages, used to finance properties that are too big to be sold to Fannie Mae or Freddie Mac, usually fall within a 10th of a percentage point of each other. But since the pandemic started, there is a much smaller pool of lenders willing to offer jumbo loans, according to the Wall Street Journal. “I’ve seen a

source https://therealdeal.com/2020/08/21/mumbo-jumbo-why-are-mortgage-rates-all-over-the-place/