- Following Brief Eulogy to his Father, Huntington Mayor Told Council, "Let's Get to Work..."
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Dec. 11, 2013
- Marshall University Board approves 10-year Master Plan
- Prepared Remarks of Richard Cordray of CFPB on CareCredit Enforcement Action
- DEA NEWS: Greek National Pleads Guilty in Narco-Terror Conspiracy
- Highlawn Baptist Church, Various Items to Sell at Auction
- 22 Year Old Driver Dies from Crash Injuries
- Home Builders, Realtors Applaud Melvin Watt's Senate Confirmation as Director of Federal Housing Finance Agency (FHFA)
- CoreLogic: Record Low Number of Natural Hazard Events, Unusual Sinkhole Activity Spotlighted in Annual Natural Hazard Risk Summary and Analysis Highlighting Significant U.S. Natural Disasters in 2013
- Highlawn Pastor Posted Explanation on Facebook in October
FREDDIE MAC: Mortgage Rates Up on Signs of Stronger Economic Recovery
"Mortgage rates edged up this week on signs of a stronger economic recovery," said Frank Nothaft, Freddie's vice president and chief economist. "Real GDP was revised upwards to 2.5 percent growth in the second quarter of this year. In addition, residential construction spending rose for a ninth consecutive month in July. Lastly, the manufacturing industry expanded by the fastest pace in August since June 2011."
- 30-year fixed-rate mortgage (FRM) averaged 4.57 percent with an average 0.7 point for the week ending September 5, 2013, up from last week when it averaged 4.51 percent. A year ago at this time, the 30-year FRM averaged 3.55 percent.
- 15-year FRM this week averaged 3.59 percent with an average 0.7 point, up from last week when it averaged 3.54 percent. A year ago at this time, the 15-year FRM averaged 2.86 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28 percent this week with an average 0.5 point, up from last week when it averaged 3.24 percent. A year ago, the 5-year ARM averaged 2.75 percent.
- 1-year Treasury-indexed ARM averaged 2.71 percent this week with an average 0.5 point, up from last week when it averaged 2.64 percent. At this time last year, the 1-year ARM averaged 2.61 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 the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.