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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 worsened, landing at 3.83, five basis points higher than last week’s 3.78 percent. Ditto for the 15-year fixed, which landed at 3.13 percent, up five basis points from last week’s 3.08 percent.
The Mortgage Bankers Association reported a nearly 10 percent decrease in loan application volume from the