Ouch! Jumbo Loans are through the roof.

Just read this on SFgate:

"The mortgage mess is already boosting rates for borrowers in the United States -- if they can get home loans at all. Jumbo loans -- those greater than $417,000 -- are carrying interest rates of 7.5 to 8 percent, 1 to 1.5 points higher than a month ago, according to the Mortgage Bankers Association."

That is going to make it even harder for homes to sell, especially higher priced ones. Earlier this year, a Jumbo, 30 year fixed loan could be had for 6%. Now 7.5%? That's gotta hurt.