- RECALLS THIS WEEK: Graco Strollers, Fire Alarm Control Panels, and Other Product Recalls
- OP-ED: Inadequate response to Ebola should not be repeated with Chickungunya
- Marshall University internal medicine resident team wins state competition
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Nov. 20, 2014
- Jewel City JAMboree to feature national and local musicians
- Four People Arrested following Seizure of Heroin, Cash
- BOOK REVIEW: 'Escaping Condo Jail': Comprehensive Book Explores Pitfalls of Condominium, Home Owner Association Real Estate with Research, Wit
- Healing Place Benefit features Dog the Bounty Hunter and Beth
- Rep.-elect Jenkins selected for Appropriations Committee
- Southwest Ohio Violent Crimes Task Force Successful in First Year of Operation
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.