May 31, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity increased 1.1 percent for the week ended May 20, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.69 percent from 4.60 percent the previous week. The rate for 15-year mortgages increased to 3.78 percent from 3.75 percent.