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What Is A Jumbo Loan? Jumbo Loans Explained and How To Get Lower Interest Rates On Jumbo Mortgages ??Compare current Jumbo mortgage rates by loan type ; Conforming loans � Year Fixed Rate. % ; Government loans � Year Fixed Rate FHA. % ; Jumbo loans. VA jumbo loan rates � % Interest rate � % APR Annual Percentage Rate. The average APR on a year fixed-rate mortgage rose 7 basis points to % and the average APR for a 5-year adjustable-rate mortgage (ARM).