- Saturday Tsubasacon Cosplay Contest and Skits
- A Super Cosplaying Saturday Afternoon at Tsubasacon
- Huntington Convenience Store Worker Shoots Thief in Leg
- Friday Tsubasacon 2016 IMAGES Cosplay
- Bunn Resigns from Council , Moving to District 9
- Detroit man pleads guilty for role in Point Pleasant heroin conspiracy
- Rooster's Hostesses Dress for Princess Night with Mickey and Minnie Mouse IMAGES
- Fire Prevention Parade Packs Downtown; Elsa of WV Inspired Sing-a-Longs
- Marshall’s Sustainability Department plans technology recycling event; volunteers needed for sweet potato harvest, greenhouse installation
- Democracy Can be Hacked
Mortgage rates move higher following December's employment report
Friday, January 11, 2013 - 00:16 Updated 3 years ago Special to HuntingtonNews.Net
"Fixed mortgage rates increased slightly following a positive employment report for December," said Frank Nothaft, Freddie Mac's vice president and chief economist. "The economy added 155,000 jobs, above the consensus market forecast, and November's job growth was revised upward by another 24,000 workers. This helped keep the unemployment rate steady at 7.8 percent, the lowest since December 2008. For all of 2012, 1.86 million jobs were created and represented the largest annual gain since 2006."
News Facts: > 30-year fixed-rate mortgage (FRM) averaged 3.40 percent with an average 0.7 point for the week ending January 10, 2013, up from last week when it averaged 3.34 percent. Last year at this time, the 30-year FRM averaged 3.89 percent.
> 15-year FRM this week averaged 2.66 percent with an average 0.7 point, up from last week when it averaged 2.64 percent. A year ago at this time, the 15-year FRM averaged 3.16 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.67 percent this week with an average 0.6 point, down from last week when it averaged 2.71 percent. A year ago, the 5-year ARM averaged 2.82 percent.
1-year Treasury-indexed ARM averaged 2.60 percent this week with an average 0.5 point, up from last week when it averaged 2.57. At this time last year, the 1-year ARM averaged 2.76 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.
Get the latest information from Freddie Mac's Office of the Chief Economist on Twitter: @FreddieMac //