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Residential

June 7, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 4 percent for the week ended May 27, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.58 percent from 4.69 percent the previous week. The rate for 15-year mortgages was unchanged at 3.78 percent.

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