Robots could replace loan officers in the future

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 3.64%, down 9 basis points from last week. The 15-year fixed rate averaged 3.16%, down 5 basis points from last week.
The Mortgage Bankers Association reported a 10.1% decrease in loan application volume from the previous week.
Bottom line: Assuming a borrower gets the average 30-year fixed rate on