Fannie, Freddie appraisal secrecy hurts first-time buyers 

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 mortgage averaged 4.06%, down 1 basis point from last week. The 15-year fixed averaged 3.64%, down 2 basis points from last week.
The Mortgage Bankers Association reported a 2.4% percent decrease in loan application volume from the previous week.
Bottom line: Assuming a borrower gets the average 30-year fix