June 13, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity decreased four-tenths of a percent for the week ended June 3, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.54 percent from 4.58 percent the previous week. The rate for 15-year mortgages dropped to 3.67 percent from 3.78 percent.