April 27, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 13.6 percent for the week ended April 16, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 5.04 percent from 5.17 percent the previous week.  The rate for 15-year mortgages decreased to 4.34 percent from 4.45 percent.

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