Jumbo 30-year mortgage rates also dropped 8 points Monday, reducing the average to 6.81%—almost a six-week low. In September, jumbo 30-year rates plummeted to 6.24%, their cheapest average in 19 ...
In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.