March 9, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 14.6 percent for the week ended Feb. 26, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.95 percent from 5.03 percent the previous week. The rate for 15-year mortgages fell to 4.27 percent from 4.35 percent.