September 21, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 8.9 percent for the week ended Sept. 10, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.47 percent from 4.5 percent the previous week. The rate for 15-year mortgages fell to 3.96 percent from 4 percent.