April 12, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 2 percent for the week ended April 1, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.93 percent from 4.92 percent the previous week. The rate for 15-year mortgages decreased to 4.14 percent from 4.16 percent.