- Fracking Waste Chemicals Allegedly Found in WV Near Drinking Water Inputs
- CIVIL WAR OP-ED: Confederate Memorial Day in the South
- BOOK NOTES: 'Beliefs Beyond Belief: Examining Improbable Ideas': Skepticism and its Role in Believing
- OP-ED: Lee Kuan-Yew’s Caribbean rescue in the Commonwealth
- Stat Steps Defined Herd Basketball
- BOOK REVIEW: 'Don't Make the Black Kids Angry': More Accounts of Violence in the Wake of 'White Girl Bleed a Lot'
- Tri-State Comic Con Expands Amazing Guest List
- Joey Logano pulls out wild overtime win in Martinsville Truck race
- Kentucky man indicted for defrauding U.S. Department of Veteran's Affairs
- Mountwest’s Inland Waterways Academy changes name, not mission
FREDDIE MAC: Fixed Mortgage Rates Edge Down a Bit
"Mortgage rates eased a bit following the decline in 10-year Treasury yields," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Also, the economy added 192,000 jobs in March, which was below the market consensus forecast but followed an upward revision of 22,000 jobs in February. Meanwhile, the unemployment rate held steady at 6.7 percent."
- 30-year fixed-rate mortgage (FRM) averaged 4.34 percent with an average 0.7 point for the week ending April 10, 2014, down from last week when it averaged 4.41 percent. A year ago at this time, the 30-year FRM averaged 3.43 percent.
- 15-year FRM this week averaged 3.38 percent with an average 0.6 point, down from last week when it averaged 3.47 percent. A year ago at this time, the 15-year FRM averaged 2.65 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.09 percent this week with an average 0.5 point, down from last week when it averaged 3.12 percent. A year ago, the 5-year ARM averaged 2.62 percent.
- 1-year Treasury-indexed ARM averaged 2.41 percent this week with an average 0.5 point, down from last week when it averaged 2.45 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.