- BOOK REVIEW: 'The Lady Who Cried Murder': Sixth Entry in Lauren Carr's Mac Faraday Mysteries Takes on Bullies, Corrupt Politicians, Reality Stars
- Video: Learn What's Coming When MU's Visual Arts Center Opens
- OP-ED: Life Near the Mexican Border
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Mar. 10, 2014
- Ginseng Harvest Returns as "Appalachian Outlaws"
- Legislative Funding Cut Will Lead to Closure of West Virginia Poison Center
- Council Considers Change in Parking Fee Distribution
- ON TV TONIGHT, Feb. 24, 2014: Investigation Discovery Explores Whether the Sun Has Set On the Exclusionary Practice of Sundown Towns in Modern-Day America
- Pain Free 20 Week Abortion Bill Goes to Governor
- CIVIL WAR OP-ED: A Southern Saint Patrick's Day Remembrance
FREDDIE MAC: Fixed Mortgage Rates Start the Year Higher
"Mortgage rates edged up to begin the year on signs of a stronger economic recovery," said Frank Nothaft, Freddie Mac's vice president and chief economist. "The pending home sales index inched up 0.2 percent in November, after five consecutive months of decline. The Conference Board reported that confidence among consumers rose in December and the S&P/Case-Shiller® 20-city composite house price index [PDF] rose 13.6 percent over the 12-months ending in October 2013."
- 30-year fixed-rate mortgage (FRM) averaged 4.53 percent with an average 0.8 point for the week ending January 2, 2014, up from last week when it averaged 4.48 percent. A year ago at this time, the 30-year FRM averaged 3.34 percent.
- 15-year FRM this week averaged 3.55 percent with an average 0.7 point, up from last week when it averaged 3.52 percent. A year ago at this time, the 15-year FRM averaged 2.64 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 3.00 percent. A year ago, the 5-year ARM averaged 2.71 percent.
- 1-year Treasury-indexed ARM averaged 2.56 percent this week with an average 0.5 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.57 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.