The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. 

But qualifying borrowers can get lower rates with jumbo mortgages, as the spreads between these loans and the conforming option widened again this week. Meanwhile, given that jumbo loans are usually for higher income homebuyers, the current landscape is of extreme affordability challenges.

The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days. It’s focused details ⇒

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