Prediction: Home values will drop by 25% to 50% in decade ahead

What’s up with mortgage rates? Jeff Lazerson of MortgageGrader.com gives us his take.
Rate news summary
From Freddie Mac’s weekly survey: The 30-year, fixed-rate averaged 3.72%, two basis points lower than last week. The 15-year, fixed-rate averaged 3.16%, three basis points down from last week.
The Mortgage Bankers Association was closed over the holidays and did not report loan application volume.
Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming