Seven last-minute obstacles to closing escrow on time

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 3.95 percent, 4 basis points better than last week’s 3.99 percent. The 15-year fixed averaged 3.38 percent, 6 basis points better than last week’s 3.44 percent.
The Mortgage Bankers Association reports a 2.8 percent decrease in loan application volume from two weeks earlier.
Bottom line: Ass