Mortgage competition banned at Laguna Woods co-ops

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 averaged 4.20%, up 3 basis points from last week. The 15-year fixed rate averaged 3.64%, up 2 basis points from last week.
The Mortgage Bankers Association reported a 7.3% percent decrease in loan application volume from the previous week.
Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming