- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Dec. 4, 2013
- Day One: NASCAR Champion’s Week In Las Vegas Officially Begins
- BOOK NOTES: 'Burn the Fat, Feed the Muscle: Transform Your Body Forever Using the Secrets of the Leanest People in the World' Revised Edition
- Dangerous Hydrogen Fluoride Among Water Emissions Sent to Huntington Waste Treatment Plant According to EPA
- Huntington City Council Agenda
- CIVIL WAR OP-ED: 74th Anniversary of ‘Gone with the Wind’ Premiere
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Dec. 3, 2013
- Send Off Planned for Huntington Highlanders to State Championship
- Chants of 'We Are ... Marshall' planned nationwide as Herd battles Rice in Conference USA title game
- Scheme involving thousands of prescription pain pills ends in jail time for Logan brothers
FREDDIE MAC: Fixed Mortgage Rates Little Changed
"Mortgage rates were little changed amid the federal debt impasse in Washington, D.C. and a light week of economic data releases," said Frank Nothaft, Freddie's vice president and chief economist. "Of the few releases, the private sector added an estimated 166,000 jobs in September, which were fewer than the market consensus and followed a downward revision of 17,000 workers in August, according to the ADP Research Institute. The Institute for Supply Management reported a greater slowing in growth in the nonmanufacturing industry in September than the market consensus forecast."
- 30-year fixed-rate mortgage (FRM) averaged 4.23 percent with an average 0.7 point for the week ending October 10, 2013, up from last week when it averaged 4.22 percent. A year ago at this time, the 30-year FRM averaged 3.39 percent.
- 15-year FRM this week averaged 3.31 percent with an average 0.7 point, up from last week when it averaged 3.29 percent. A year ago at this time, the 15-year FRM averaged 2.70 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.05 percent this week with an average 0.4 point, up from last week when it averaged 3.03 percent. A year ago, the 5-year ARM averaged 2.73 percent.
- 1-year Treasury-indexed ARM averaged 2.64 percent this week with an average 0.4 point, up from last week when it averaged 2.63 percent. At this time last year, the 1-year ARM averaged 2.59 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.