The subprime mortgage meltdown has had a much deeper impact on the jumbo loan market than many thought it would, leaving analysts to wonder what the best solution is for galvanizing the slumping sector. While many economists believe help will come from the Federal Reserve, some lawmakers want Fannie Mae's and Freddie Mac's loan restrictions loosened to aid the jumbo market.

Most economists foresee the Fed making a one-quarter percentage point drop to the 5.25% federal-funds rate when it meets on Sept. 18, which would be its first cut in four years. But at least one market observer does not think this will go far enough to bolster the depressed market.

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