March 8, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 6.5 percent for the week ended Feb. 25, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.84 percent from 5 percent the previous week. The rate for 15-year mortgages decreased to 4.17 percent from 4.28 percent.