August 10, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 1.3  percent for the week ended July 30, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.6 percent from 4.69 percent the previous week. The rate for 15-year mortgages fell to 4.03 percent from 4.12 percent.