Similar to Tuesday, interest rates for most types of home loans didn’t shift very far for the most part on Wednesday, moving by just 1 or 2 basis points — with three significant exceptions. (A basis point equals 1/100 of a percent.) Home buyers considering a jumbo fixed rate mortgage — a “jumbo” loan is generally required to borrow more than $417,000, though the ceiling for standard loans is higher in certain expensive markets — received more good news, and folks in the market for a 5/1 adjustable rate mortgage (ARM) were also on the right end of significant changes.