New York Area Jumbo Mortgage Market "Booming"

Not long ago, many big banks were turning away New Yorkers seeking jumbo mortgages. This summer, however, banks are competing for the business, creating a wealth of new products and attractive options for borrowers.

this paragraph says it all.....the free market is relentless.

Down-payment requirements are easing. Wells Fargo said late last week it will lend $1 million to borrowers with down payments of 15% as long as they have strong credit.

Looks like you can do better than that
http://online.wsj.com/article/SB10001424052748703294904575385511910789360.html

oops wrong thread. another poster looking for better rates listed in this article.

We are all doomed