August 31, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 4.9 percent for the week ended Aug. 20, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.55 percent from 4.6 percent the previous week. The rate for 15-year mortgages fell to 3.91 percent from 3.99 percent.