- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Oct. 22, 2014
- 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
- At Least 14 File for District Two Seat
- Huntington Council Set to Approve New Police Chief Monday Night
- OP-ED: Sports Need Independent Oversight
- US Attorney, Law Enforcement, Treatment Professionals Announce Heroin Treatment Initiative
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Oct. 20, 2014
- West Virginia Film Office iPhone App to Provide On-the-Go Access to Film Industry Resources
- Anti Drug Rally, Picnic October 25
- Police Personnel Alterations Mount Drug Arrests
FREDIE MAC: 30-year Fixed-rate Mortgage Hits Low for 2014
"Mortgage rates continued moving down following the decline in 10-year Treasury yields after a dismal report on real GDP growth in the first quarter," said Frank Nothaft, vice president and chief economist of Freddie Mac. "Meanwhile, the economy added 288,000 jobs in April, the largest since January 2012, and followed an upward revision of 36,000 jobs for the prior two months. Also, the unemployment rate fell to 6.3 percent."
- 30-year fixed-rate mortgage (FRM) averaged 4.21 percent with an average 0.6 point for the week ending May 8, 2014, down from last week when it averaged 4.29 percent. A year ago at this time, the 30-year FRM averaged 3.42 percent.
- 15-year FRM this week averaged 3.32 percent with an average 0.6 point, down from last week when it averaged 3.38 percent. A year ago at this time, the 15-year FRM averaged 2.61 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.05 percent this week with an average 0.5 point, unchanged from last week. A year ago, the 5-year ARM averaged 2.58 percent.
- 1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.4 point, down from last week when it averaged 2.45 percent. At this time last year, the 1-year ARM averaged 2.53 percent.