Jumbo Refinance Rates
Here is the 2026 view on jumbo refinance rates — what moves them and when to lock.
What to know
Jumbo refinances exceed the conforming loan limit (a $806,500 baseline in 2026, higher in costly areas) and price independently of conforming loans. Rates can run slightly above or, at times, below conforming depending on the lender's appetite. Expect stricter requirements: higher credit scores, lower DTI, and larger cash reserves.
What affects your refinance rate
- Your credit score and loan-to-value
- Loan term (15-year prices below 30-year)
- Rate-and-term vs cash-out (cash-out prices higher)
- Discount points you choose to buy
- The bond market and Fed policy — and lender margins, so compare quotes
Example payment by rate
| Rate | P&I on a $300,000 loan (30-yr) |
|---|---|
| 5.25% | $1,657 |
| 5.50% | $1,703 |
| 5.75% | $1,751 |
| 6.00% | $1,799 |
| 6.25% | $1,847 |
| 6.50% | $1,896 |
| 6.75% | $1,946 |
Rates move daily. Join the free Refi Rate Guide alerts so you can lock when rates clear your break-even.
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Frequently Asked Questions
- Jumbo Refinance Rates — the quick answer?
- Jumbo refinances exceed the conforming loan limit (a $806,500 baseline in 2026, higher in costly areas) and price independently of conforming loans. Rates can run slightly above or, at times, below conforming depending on the lender's appetite. Expect stricter requirements: higher credit scores, lower DTI, and larger cash reserves.
- Are refinance rates higher than purchase rates?
- Rate-and-term refinance rates are usually similar to purchase rates; cash-out refinances price a bit higher because they are riskier for the lender.