How low will fixed-rate mortgages go?

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 3.55%, its lowest level since Nov. 3, 2016, and 5 basis points lower than last week. The 15-year fixed-rate averaged 3.05%, down 4 basis points from last week.
The Mortgage Bankers Association reported a 1% decrease in loan application volume from the previous week.
Bottom line: Assuming a borrower