July 27, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 7.6 percent for the week ended July 16, according to the Mortgage Bankers Association. The rate for 30-year mortgages fell to 4.59 percent from 4.69 percent the previous week. The rate for 15-year mortgages dropped to 4.05 percent from 4.12 percent.