Yes, the mortgage Rate is up a little bit from yesterday.
The rate should go up gradually until Sep FOMC Meeting.
Until then, I don't see big chances for the rate goes down
futher.
We expect the Fed will lower the fund rate of 0.25% at the
Sep FOMC Meeting.
Here is the rate as of 08/31/2007(
all no points no fees):
Conforming( 30 yr fixed 6.125% or 6.375%
15 yr fixed 6.125%
5/1 ARM 6.125%
3/1 ARM 6.125%
Jumbo(>417k)
15 yr fixed 6.625%
7/1 ARM 6.5%
5/1 ARM 6.375%
3/1 ARM 6.25%
