Mortgage rates see first decline in a month

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: Seeing its first decline in four weeks, the 30-year fixed rate averaged 4.66 percent, dropping 10 basis points from last week’s 4.66 percent. The 15-year fixed averaged 4.06 percent, better by nine basis points over last week’s 4.15 percent.
The Mortgage Bankers Association reported loan application volume fell 2.9 percent