March 2, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity dropped 8.5  percent for the week ended Feb. 19, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.03 percent from 4.94 percent the previous week. The rate for 15-year mortgages increased to 4.35 percent from 4.33 percent.