June 8, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 0.9 percent for the week ended May 28, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.83 percent from 4.8 percent the previous week. The rate for 15-year mortgages decreased to 4.24 percent from 4.25 percent.