- BOOK REVIEW: 'Leaving Time': A Good Introduction to Jodi Picoult's Works If You've Never Read Her; Fulfills Expectations If You're a Fan
- BREAKING ... At Least Two Arrests After 15 to 20 Armed Police Officers Raid 919 24th Street
- River to Jail Nets two Arrests Monday Evening
- Huntington Traffic Stop Nails Heroin Dealer
- Former Williamson Mayor Sentenced
- Marshall Football Rises In National Rankings
- Councilman Asks for Lawmarker Intervention after Detroit Fugitive Returns, Again Arrested in Huntington
- "Fury" Twists Through World War II Foot Soldier Carnage
- BREAKING ... Man Identified in Highlawn Shooting Death
- BOOK NOTES: 'The Little Book of Big Government': Philip Yaffe's New Book Probes Pros and Cons of World Government to End War
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.