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- Public advocacy group retains Washington law firm to mount antitrust challenge to proposed Dow-DuPont merger
- Mathematics awarded $170K grant from National Security Agency
- Questions About Proposed Department of Energy Budget Requests
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- UPDATE: Swat Team Dispatched; Huntington's Marcum Terrace Scene of Another Shooting
- Huntington's Public Works director relieved of duties
- The ACLU of West Virginia Urges Governor Tomblin and Legislature to Enact Reforms to Keep Truant Children Out of Juvenile Court
FREDDIE MAC: Mortgage Rates Stay Largely Unchanged
"Mortgage rates were little changed amid a week of light economic reports," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Of the few releases, the private sector added an estimated 238,000 jobs in December, which exceeded the market consensus and followed an upward revision of 14,000 jobs in November, according to the ADP Research Institute. Also, the Institute for Supply Management reported a greater slowing in growth in the non-manufacturing industry in December than the market consensus forecast."
- 30-year fixed-rate mortgage (FRM) averaged 4.51 percent with an average 0.7 point for the week ending January 9, 2014, down from last week when it averaged 4.53 percent. A year ago at this time, the 30-year FRM averaged 3.40 percent.
- 15-year FRM this week averaged 3.56 percent with an average 0.6 point, up from last week when it averaged 3.55 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 3.15 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 2.67 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 2.60 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.