- BOOK REVIEW: 'The Opposite of Loneliness': Marina Keegan's Posthumous Collection of Essays, Stories
- CoreLogic April Edition of MarketPulse Report Examines Single-Family Housing Starts and Fallout from the Expiration of the Mortgage Forgiveness Debt Relief Act
- Researchers to present at the World Congress on Endometriosis in Brazil
- BOOK REVIEW: 'A Quick Guide to Freemasonry': You've Got Questions, David Harrison Has the Answers
- Fallen Huntington Police Officer to be Remembered
- Huntington Art Walk Resumes Thursday in Downtown; Author at Adell's Antiques
- Mayor Tells Comcast, "Folks Aren't Happy...."
- BOOK REVIEW: 'Gone Girl': Nick and Amy Dunne, Folie å Deux in a Mississippi River Town
- Huntington Man Pleads Guilty to Robbing Drug Dealer''s Apartment
- Jacobs-Jones named senior vice president for operations
FREDDIE MAC: Fixed Mortgage Rates Jump 'Strongly'
"Fixed mortgage rates increased this week following stronger than expected economic data releases," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Private companies added 215,000 new jobs in November according to the ADP employment report, well above the consensus. In addition, revisions added 54,000 jobs in the prior month. Lastly, new home sales rose 25 percent in the month of October to a seasonally adjusted 444,000 annual pace, though this followed a weaker than expected September report and downward revisions over the summer months."
- 30-year fixed-rate mortgage (FRM) averaged 4.46 percent with an average 0.5 point for the week ending December 5, 2013, up from last week when it averaged 4.29 percent. A year ago at this time, the 30-year FRM averaged 3.34 percent.
- 15-year FRM this week averaged 3.47 percent with an average 0.4 point, up from last week when it averaged 3.30 percent. A year ago at this time, the 15-year FRM averaged 2.67 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.99 percent this week with an average 0.4 point, up from last week when it averaged 2.94 percent. A year ago, the 5-year ARM averaged 2.69 percent.
- 1-year Treasury-indexed ARM averaged 2.59 percent this week with an average 0.4 point, down from last week when it averaged 2.60 percent. At this time last year, the 1-year ARM averaged 2.55 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.