Mortgage Rate Trend

The rate stays the same as yesterday. But it seems like
the rate will change its course starting tomorrow.
(It will go up gradually for a couple of days or weeks).

The conforming rate was as low as 6% for 30 yr fixed
for no closing cost. I believe that's the short term bottom.
It may be lower after Sep FOMC meeting. But who knows?

The Jumbo 5/1ARM rate stays around 6.375% to 6.5%
(with no closing cost)for quite some time. The lender's
guideline is getting tougher now. So typically this rate is
good for those have DTI lower than 38%.