November 2, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity grew 3.2 percent for the week ended Oct. 22, according to the Mortgage Bankers Association. The rate for 30-year mortgages fell to 4.25 percent from 4.34 percent the previous week. The rate for 15-year mortgages decreased to 3.67 percent  from 3.74 percent.