April 13, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 11 percent for the week ended April 2, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.31 percent from 5.04 percent the previous week.  The rate for 15-year mortgages increased to 4.54 percent from 4.34 percent.