July 6, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 8.8 percent for the week ended June 25, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.67 percent from 4.75 percent the previous week. The rate for 15-year mortgages decreased to 4.06 percent from 4.19 percent.