June 29, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 5.9 percent for the week ended June 18, according to the Mortgage Bankers Association. The rate for 30-year mortgages decrased to 4.75 from 4.82 percent the previous week. The rate for 15-year mortgages decreased to 4.19 percent from 4.23 percent.