Having dropped to a six-month low last week, the average rate for a conforming 30-year mortgage has ticked down one more basis point to 4.20 percent, 38 basis points below the three-year high rate of 4.58 percent recorded this past August.

At the same time, Wells Fargo is now advertising a rate of 4.125 percent for Jumbo loans over $625,500, the same rate they’re advertising for both conforming and super conforming loans over $417,000 in high cost areas like San Francisco, erasing the discount for going big which first appeared last year.

Jumbo loans have historically been priced at a premium.

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