January 31, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 12.9 percent for the week ended Jan. 21, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.80 percent from 4.77 percent the previous week. The rate for 15-year mortgages decreased to 4.12 percent from 4.16 percent.