- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for July 30, 2014
- Huntington Police Shoot, Kill Man at Third Avenue Bar
- BOOK REVIEW: 'The Garner Files': Jim Rockford a Curmudgeon? Say It Ain't So!
- WV Attorney General Sues over Obamacare
- Huntington Council Votes to Counter Rising Drug Crime by Hiring Ten New Police Officers at Special Session
- Huntington Skateboard Park Exceeds Fund Raising Goals, Phase I Open by December 31
- Former Booster Club Treasurer Indicted for Theft
- Huntington Ready to Regatta
- Graduation ceremony to be held at the Marshall University Luke Lee Listening, Language and Learning Lab July 30
- Former Employees Testified Radiation Hazards Near former Huntington Nuclear Weapons Plant
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.