- Marshall Accepts Bid to 2013 Military Bowl Presented by Northrop Grumman
- Marshall Falls to Rice in Conference USA Football Championship
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Dec. 6, 2013
- Ellen Wilson First Spouse Gold Coin Available December 9
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- Richard Cordray, Director of the Consumer Financial Protection Bureau, Discusses Mortgage Rules at Consumer Federation of America Meeting
- BOOK REVIEW: 'The Eternal Wonder': Pearl Buck's Last Novel Manuscript Discovered in Texas Storage Unit
- FLASHBACK: Transcripts Reveal Technetium, Neptunium and Plutonium at Huntington Pilot Plant Concern Over Parking Lot Radiation Expressed
- National Influenza Vaccination Week: December 8-14, 2013
- WSJ Wasteland Series Continues in Pennsylvania where Uranium Processing Site had "Birdcages"
FREDDIE MAC: Fixed Mortgage Rates Edge Higher
"Fixed mortgage rates edged up leading to the federal budget deadline this week," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Recent confidence measures depict some of the effects of the government shutdown and uncertainty of the budget impasse. For instance, consumer sentiment in October fell for the second straight month to the lowest reading since January, according to the University of Michigan. Similarly, October's homebuilder confidence fell to a four-month low. However, despite these downturns in confidence, mortgage applications rose for the second consecutive week as of October 11th, elevated by increases in applications for refinancing."
- 30-year fixed-rate mortgage (FRM) averaged 4.28 percent with an average 0.7 point for the week ending October 17, 2013, up from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 3.37 percent.
- 15-year FRM this week averaged 3.33 percent with an average 0.7 point, up from last week when it averaged 3.31 percent. A year ago at this time, the 15-year FRM averaged 2.66 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.07 percent this week with an average 0.4 point, up from last week when it averaged 3.05 percent. A year ago, the 5-year ARM averaged 2.75 percent.
- 1-year Treasury-indexed ARM averaged 2.63 percent this week with an average 0.4 point, down from last week when it averaged 2.64 percent. At this time last year, the 1-year ARM averaged 2.60 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.