July 13, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 6.7 percent for the week ended July 2, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.68 percent from 4.67 percent the previous week. The rate for 15-year mortgages increased to 4.11 percent from 4.06 percent.