- Mayoral Candidate Alleges Mayor, Council "Embarassed" by Towing Outcry; Council Allegedly Persecutes Disabled Member for Backing Ordinance
- Greenbrier County man pleads guilty to Federal crime involving oxycodone
- ANALYSIS: Efficency versus Dissent Collides at Council Meeting
- DuPont and Chemours to hold AGMs without addressing growing C-8 issue in U.S., Europe, and Asia
- Movie about terrorism told by 9/11 survivors and veterans being filmed in West Virginia.
- AT&T Announces Nearly 60 Jobs Available in Huntington
- Huntington's Harm Reduction Program Merits D.C. Visit
- Huntington advances to finals of America’s Best Communities competition
- Marshall University Forensic Science Program hosts Forensic Science Research Day
- Renewable Energy in West Virginia: Projects and Prospects subject of 2016 conference in Huntington
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.