Conventional loan limits increase for a third year in a row

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.
Rate news summary
From Freddie Mac’s weekly survey:  The 30-year fixed rate did not change from last week, remaining at 4.81 percent. The 15-year fixed increased one basis points, now averaging 4.25 percent.
Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $484,350 loan, last year’s payment was $259 lower than this week’s paymen