June 15, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 12.2 percent for the week ended June 4, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.81 percent from 4.83 percent the previous week. The rate for 15-year mortgages increased to 4.26 percent from 4.24 percent.