- Vigil Held for Sixteen Year Old Found Dead; Woman Injured by Gunfire at Home
- Artists Series includes 'Breakfast Club' star Molly Ringwald
- Huntington Council to Vote on Trucks Purchase, Budget Revision
- "My Brother, My Brother & Me" Sunday Night at City Hall Auditorium
- Discover some of West Virginia’s state park lodges in January 2015 with a “WV50” $50 room rate
- WV Attorney General Morrisey urges caution when using online retail services and offers tips to protect personal information.
- PARALLEL UNIVERSE: Lincoln Electric Celebrates 81 Uninterrupted Years of Paying Employee Profit-Sharing Bonus
- MBA: Mortgage Applications Decrease in Latest Weekly Survey
- CFPB Sues Texas Company for Sham Credit Card; Union Workers Credit Services Also Duped Consumers Into Thinking the Company Was Affiliated With Unions
- For "The Interview" Will Small Screen Lose Wonder and Suspension of Disbelief?
FREDDIE MAC: Fixed Mortgage Rates Continue to Seesaw
"Mortgage rates were down slightly following the release of real GDP estimates for the first quarter of the year which rose 0.1 percent and fell well short of market expectations," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Meanwhile, the pending home sales index rose in March ending eight consecutive months of decline and the S&P/Case-Shiller® 20-city composite house price index [PDF] rose 12.9 percent over the 12-months ending in February 2014."
- 30-year fixed-rate mortgage (FRM) averaged 4.29 percent with an average 0.7 point for the week ending May 1, 2014, down from last week when it averaged 4.33 percent. A year ago at this time, the 30-year FRM averaged 3.35 percent.
- 15-year FRM this week averaged 3.38 percent with an average 0.6 point, down from last week when it averaged 3.39 percent. A year ago at this time, the 15-year FRM averaged 2.56 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.05 percent this week with an average 0.4 point, up from last week when it averaged 3.03 percent. A year ago, the 5-year ARM averaged 2.56 percent.
- 1-year Treasury-indexed ARM averaged 2.45 percent this week with an average 0.5 point, up from last week when it averaged 2.44 percent. At this time last year, the 1-year ARM averaged 2.56 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.