April 20, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 9.5 percent for the week ended April 9, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 5.17 from 5.31 percent the previous week.  The rate for 15-year mortgages decreased to 4.45 percent from 4.54 percent.