June 28, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity fell 5.9 percent for the week ended June 17, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 4.57 percent from 4.51 percent the previous week. The rate for 15-year mortgages increased to 3.70 percent from 3.67 percent.