Fannie, Freddie high-cost loan limits raised to record $765,600

What’s up with mortgage rates? Jeff Lazerson of MortgageGrader.com in Laguna Niguel gives us his take.
Rate news summary
From Freddie Mac’s weekly survey: The 30-year fixed-rate averaged 3.68%, up 2 basis points from last week. The 15-year fixed-rate averaged 3.15%, unchanged from last week.
The Mortgage Bankers Association reported a 1.5% increase in loan application volume from the previous week.
Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $