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CURRENT MARKET: The "Best Execution" conventional. This note rate is determined based on the time it takes to recover the points you paid at closing (discount) vs. the monthly savings of.
Conforming Versus Jumbo Loans . A conforming loan is any loan amount of $417,000 or less. A jumbo loan is any loan greater than $417,000. Generally speaking, jumbo loans will have slightly higher interest rates than a conforming loan. On January 1, 2009 the "super conforming" or "agency jumbo" loan was created for loan amounts up to $729,750.