There is a much smaller pool of lenders willing to offer jumbo loans. Mortgage Credit Availability Index, a formula designed to gauge access to a variety of mortgage products, shows consumer access to jumbo loans was 60% lower in July than it was the year prior.

 

The frozen landscape is thawing, but there are fewer jumbo lenders and options than there were pre-Covid. Relationship banking and community banks seem to offer the best rates. (WSJ)