March 22, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 0.7 percent for the week ended March 11, according to the Mortgage Bankers Association. The interest rate for 30-year mortgages decreased to 4.79 percent from 4.93 percent the previous week. The rate for 15-year mortgages fell to 4.03 percent from 4.17 percent.