30-Year Fixed Rate Jumbo Mortgage Index (OBMMIJUMBO30YF)

The 30-Year Fixed Rate Jumbo Mortgage Index represents the average interest rate offered on 30-year fixed-rate jumbo mortgages in the United States. Jumbo mortgages are home loans that exceed the conforming loan limits set by government-sponsored enterprises like Freddie Mac and Fannie Mae. These limits vary by location but generally start above a certain threshold, allowing higher loan amounts than conforming loans.