February 22, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 9.5 percent for the week ended Feb. 11, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 5.12 percent from 5.13 percent the previous week. The rate for 15-year mortgages increased to 4.34 percent from 4.29 percent.