April 26, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity increased 5.3 percent for the week ended April 15, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.83 percent from 4.98 percent the previous week. The rate for 15-year mortgages decreased to 4.07 percent from 4.17 percent.