Could Fannie and Freddie soon have competition?

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 averaged 3.78%, up 3 basis points from last week and the highest rate in over three months. The 15-year fixed-rate averaged 3.19%, up 1 basis point from last week.
The Mortgage Bankers Association reported less than a 1% increase in loan application volume from the previous week.
Bottom line: Assuming a borrower