After four years of decline, one-million dollar+ homes sales rose 18.6% in 2010. In the same time period, home sales below one-million fell 2.8% nationwide. Amazingly, homes sales over five million increased significantly. The main reason is due to the historically low interest rates on loan amounts as high as $686,000 (SLO), which were previously considered the higher rate, non-conforming, “Jumbo Loans” over $417,000. In 2009 buyers of high-end homes paid 1.8% points for a “Jumbo Loan.” In 2010 the points spread shrunk to 0.6% points. Finally, these extremely low interest rates can be fixed for 30 years.