November 23, 2010

On a seasonally adjusted basis, the pace of mortgage loan activity fell 14.4 percent for the week ended Nov. 12, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.46 percent from 4.28 percent the previous week. The rate for 15-year mortgages jumped to 3.87 percent from 3.64 percent.