November 9, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity fell 5 percent for the week ended Oct. 29, according to the Mortgage Bankers Association. The rate for 30-year mortgages rose to 4.28 percent from 4.25 percent the previous week. The rate for 15-year mortgages decreased to 3.64 percent from 3.67 percent.