- Special Prosecutor Will Be Appointed in Cabell County Regarding State Police Investigation of Mayor's Sick Leave Payment to Skip Holbrook
- Q and A with Councilman Caserta: Mayor Needs to be Held Accountable, Independent Audit Necessary
- Bid Specifics Revealed in Huntington Street Sweeping Program
- UPDATED...State Auditor Citied Lack of Adequate Policies, Controls for Some Huntington Financial Materials, 2013 and 2014
- Ohio Woman Found Guilty of 2009 Antifreeze Murder, Sentenced to 15 Years to Life
- Council Approves KYOVA Grant Application
- BOOK REVIEW: 'Monongah' Examines Culture of West Virginia Coal Mine Operations As Well as 1907 Disaster -- The Worst Industrial Accident in Nation's History
- 2014 Huntington Audit Has Statement Governing Sick Leave Payments
- "My Brother, My Brother & Me" Sunday Night at City Hall Auditorium
- PARALLEL UNIVERSE: Lincoln Electric Celebrates 81 Uninterrupted Years of Paying Employee Profit-Sharing Bonus
FREDDIE MAC: Fixed Mortgage Rates Move Lower on Economic Data
"Mortgage rates drifted downward this week amid signs of a weakening economic recovery," said Frank Nothaft, Freddie Mac's vice president and chief economist. "The economy added 74,000 jobs in December, less than the market consensus forecast. Retail sales [PDF] rose 0.2 percent in December, which was nearly half of November's 0.4 percent increase. Meanwhile, the unemployment rate fell to 6.7 percent which was the lowest since October 2008."
- 30-year fixed-rate mortgage (FRM) averaged 4.41 percent with an average 0.7 point for the week ending January 16, 2014, down from last week when it averaged 4.51 percent. A year ago at this time, the 30-year FRM averaged 3.38 percent.
- 15-year FRM this week averaged 3.45 percent with an average 0.7 point, down from last week when it averaged 3.56 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 3.10 percent this week with an average 0.5 point, down from last week when it averaged 3.15 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 2.57 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.