May 11, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 4 percent for the week ended April 30, according to the Mortgage Bankers Association. The rate for 30-year mortgages fell to 5.02 percent from 5.08 percent the previous week.  The rate for 15-year mortgages decreased to 4.34 percent from 4.38 percent.