[bawana]

Agree. It turns out that jumbo mortgage rates are higher than regular mortgages. Banks cannot find buyers for the jumbos because of the anticipated drop in real estate value from the COVID freeze. No one wants to lend to people who might find themselves underwater on a mortgage. AGAIN.

[WanderPanda]

There is quite a lot of stuff going on here, but I think it can still swing both ways. An adverse effect to the one you mentioned could be the flux of debt / bonds to the central banks and the flux of printed money to the investors. This money is looking to be invested (which happened to find real estate post 2008)