- Saturday Tsubasacon Cosplay Contest and Skits
- Drug Distributors Penalized For Turning Blind Eye In Opioid Epidemic
- Goodwin Announces Run for Mayor of Charleston
- Detroit man pleads guilty to federal heroin crime committed in Huntington
- Retiring YMCA Director Honored
- A Super Cosplaying Saturday Afternoon at Tsubasacon
- Attorney General Morrisey Reaffirms Advice to Local Schools Regarding Transgender Policy
- Big Pharma Quietly Enlists Leading Professors to Justify $1,000-Per-Day Drugs
- Attorney General DeWine Announces Settlement to Recover Misused Charitable Funds
- Mukherjee appointed dean of Lewis College of Business
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.