Fannie and Freddie impeding more affordable adjustable-rate mortgages

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 4.55 percent, 3 gratifying basis points down (and hopefully a momentum changer) from last week’s 4.58 percent. The 15-year fixed averaged 4.03 percent, 1 basis point higher than last week’s 4.02 percent.
The Mortgage Bankers Association reported a 2.5 percent decrease in loan application vol