Tax credits could help foreclosure victims buy homes again

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.
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Rate news summary
From Freddie Mac’s weekly survey: The 30-year fixed rate averaged 3.75%, unchanged from last week as markets factor in the Fed’s quarter-point rate cut this week. The 15-year fixed rate averaged 3.20%, up 2 basis points from last week.
For the fifth week in a row, the Mortgage Bankers Association reported a decrease in loan application volume. This week’