July 20, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity fell 2.9 percent for the week ended July 9, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.69 percent from 4.68 percent the previous week. The rate for 15-year mortgages increased to 4.12 percent from 4.11 percent.