Jumbo Loan Supply Helping to Lower Rates

Jumbo lenders are becoming more plentiful in the market place and the increase in supply, as one would assume, is pushing down the pricing.  A 5/1 ARM fixed for five years which was available for 4.75% a week ago can now be found at just 4.375% for up to $2,000,000.  This respresents quite a savings for risk takers vs. the 30 year fixed rate for a similar loan amount being offered at 6.0%.