- ISIS Troops One Mile from Baghdad
- Ciccarelli named Huntington’s next chief of police
- Huntington District artifacts transferred to the Veterans Curation Program
- CFPB Takes Action Against Flagstar Bank for Violating New Mortgage Servicing Rules; Flagstar to Pay $37.5 Million for Blocking Mortgage Borrowers' Attempts to Save Their Homes
- Multi-million dollar federal grant renewed for Marshall researchers and statewide collaborators
- Marshall's Health Informatics program ranked No. 1 most affordable in the nation
- Marshall's Department of Social Work provides job opportunities to students through child welfare program
- Perdue: WV Must Broaden Energy Portfolio and Reenergize Chemical Industry
- OP-ED: Sexual Assault is Men’s Problem
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Sep. 24, 2014
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.