January 11, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity increased 2.3 percent for the week ended Dec. 31, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.82 percent from 4.93 percent the previous week. The rate for 15-year mortgages increased to 4.23 percent from 4.22 percent.