September 28, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 1.4 percent for the week ended Sept. 17, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.44 percent from 4.47 percent the previous week. The rate for 15-year mortgages fell to 3.88 percent from 3.96 percent.