Along the topic of credit tightening, does anybody have info on what percentage of the loans, loans that made California home values possible (subprime, ALT-A, Jumbo), have been pulled from the market or are have experienced rate increases as a result of the recent credit crunch. Regarding the higher end markets I keep hearing Jumbo loans have jumped about 100 basis points unless you have the creme la creme of credit ratings. I would say the vast majority of loans in the nicer areas are jumbo…..that has to hurt.
