October 26, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity fell 10.5 percent for the week ended Oct. 15, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.34 percent from 4.21 percent the previous week. The rate for 15-year mortgages grew to 3.74 percent from 3.62 percent.