October 12, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 0.2 percent for the week ended Oct. 1, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.25 from 4.38 the previous week. The rate for 15-year mortgages fell to 3.73 percent from 3.77 percent.