Mortgage Rate for Aug 31, 2007(California)

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(<=417k)
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%