October 19, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity increased 14.6 percent for the week ended Oct. 8, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.21 percent from 4.25 percent the previous week. The rate for 15-year mortgages fell to 3.62 percent from 3.73 percent.