- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Sep. 16, 2014
- Five Detroit Men Arrested in Olive Street Drug Raid Following Bar Shooting
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Sep. 15, 2014
- Former Bank Vice President Made More than $1.4 Million in Bad Loans
- CFPB Sues Online Payday Lender for Cash-Grab Scam; The Hydra Group Uses Phony Payday Loans to Illegally Access Consumer Bank Accounts
- NAHB: Builder Confidence Hits Highest Level Since Nov. 2005
- Consumer Financial Protection Bureau Sues For-Profit Corinthian Colleges for Predatory Lending Scheme; Bureau Seeks More than $500 Million In Relief For Borrowers of Corinthian’s Private Student Loans
- Suspected Drug Dealer Released on Bond Before Police Leave Scene of Arrest
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Sep. 12, 2014
- Grand opening of Visual Arts Center slated for Sept. 18-19
FREDDIE MAC: Fixed Mortgage Rates Move Up
"Mortgage rates rose following the uptick on the 10-year Treasury note after comments by the Federal Reserve Board Chair Janet Yellen indicated a possible increase in interest rates as soon as early 2015," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Also, the S&P/Case-Shiller® [PDF] 20-city composite house price index rose 13.2 percent over the 12-months ending in January 2014."
- 30-year fixed-rate mortgage (FRM) averaged 4.40 percent with an average 0.6 point for the week ending March 27, 2014, up from last week when it averaged 4.32 percent. A year ago at this time, the 30-year FRM averaged 3.57 percent.
- 15-year FRM this week averaged 3.42 percent with an average 0.6 point, up from last week when it averaged 3.32 percent. A year ago at this time, the 15-year FRM averaged 2.76 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.10 percent this week with an average 0.5 point, up from last week when it averaged 3.02 percent. A year ago, the 5-year ARM averaged 2.68 percent.
- 1-year Treasury-indexed ARM averaged 2.44 percent this week with an average 0.4 point, down from last week when it averaged 2.49 percent. At this time last year, the 1-year ARM averaged 2.62 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.