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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 3.94 percent, 4 basis points more expensive than last week’s 3.90 percent. The 15-year fixed averaged 3.36, 6 basis points more expensive than last week’s 3.30 percent.
The Mortgage Bankers Association reported a 4.7 percent increase in loan application volume from the previous week.
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