March 23, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 1.9 percent for the week ended March 12, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.91 percent from 5.01 the previous week. The rate for 15-year mortgages dropped to 4.24 percent from 4.32 percent.