Sales slowdown gives homebuyers more leverage

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 4.51 percent, down for a third straight week, falling 2 basis points from last week’s 4.53 percent. The 15-year fixed averaged 3.98 percent, three basis points better than last week’s 4.01 percent. It was the first time since early July that the 15-year average has been below 4 percent.