July 5, 2011

On a seasonally adjusted basis, the pace of mortgage loan activity fell 2.7 percent for the week ended June 24, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.46 percent from 4.57 percent the previous week. The rate for 15-year mortgages fell to 3.64 percent from 3. 7 percent.