August 24, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 13 percent for the week ended Aug. 13, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.6 percent from 4.57 percent the previous week. The rate for 15-year mortgages grew to 3.99 percent from 3.95 percent.