April 5, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 7.5 percent for the week ended March 25, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.92 percent from 4.8 percent the previous week. The rate for 15-year mortgages increased to 4.16 percent from 4.02 percent.