Mortgage purchases hit a 19-year low

What’s happening with mortgage rates? We asked Jeff Lazerson, of Mortgage Grader in Laguna Niguel, to give us his weekly take.

RATE NEWS

From Freddie Mac’s weekly survey, the 30-year fixed rate moved higher, to 4.37 percent and .7 point from last week’s 4.33 percent and .7 point. The 15-year fixed increased as well, to 3.39 percent and .7 point from last week’s 3.35 percent and .7 point.

BOTTOM LINE: In the past year -- assuming a ...

via:http://www.ocregister.com/lansner/purchases-603668-year-hit.html