October 5, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 0.8 percent for the week ended Sept. 24, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.38 percent from 4.44 percent the previous week. The rate for 15-year mortgages fell to 3.77 percent from 3.88 percent.