March 16, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 0.5 percent for the week ended March 5, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.01 from 4.95 percent the previous week. The rate for 15-year mortgages grew to 4.32 percent from  4.27 percent the previous week.