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.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.