New frontier in mortgage lending: Automation

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 by one basis point since the previous week, landing at 4.86 percent. The 15-year fixed averaged 4.29 percent, three basis points worse than last week.
The Mortgage Bankers Association reported a 4.9 percent increase in loan application volume from the previous week.
Bottom line: Assuming a bo