- Heroin and Fentanyl Are the Most Popular Drugs in Charleston Right Now, Police Say. Meth Use Is on the Upswing
- "What the Night Can Do" begins filming in Lewisburg Sep. 26
- Huntington Police Arrest Four Involved in Heroin Investigation
- Hallowed WTC Steel Relics Arrive in Huntington IMAGES
- Rooster's Hosts Princess Night with Mickey and Minnie Mouse IMAGES
- Justice Department Settles with Salt Lake City-Area Apartment Complexes to Resolve Allegations of Discrimination Against Individuals with Disabilities
- Marshall University’s Department of Communication Disorders to honor former faculty member for $100K contribution
- Nostalgic Images of Ten Forgotten Huntington Venues
- Florida Woman Sentenced to Prison for Acting as an Illegal Agent of a Foreign Government and Conspiring to Commit Money Laundering
- Huntington Wins Stabilization Award
FREDDIE MAC: Fixed Mortgage Rates Remain at Six-Month Low
"Mortgage rates were little changed amid a week of light economic reports," said Frank Nothaft, Freddie Mac's vice president and chief economist. "These lower than expected rates are welcome news with the spring home buying season underway and may even provide those who haven't already refinanced possibly a reason to take another look. Of the few releases, advanced retail sales [PDF] rose 0.1 percent in April, but below the market forecast consensus of a 0.4 percent increase. Also, the Producer Price Index [PDF] for final demand rose 0.6 percent in April which followed a 0.5 percent boost from the prior month."
- 30-year fixed-rate mortgage (FRM) averaged 4.20 percent with an average 0.6 point for the week ending May 15, 2014, down from last week when it averaged 4.21 percent. A year ago at this time, the 30-year FRM averaged 3.51 percent.
- 15-year FRM this week averaged 3.29 percent with an average 0.6 point, down from last week when it averaged 3.32 percent. A year ago at this time, the 15-year FRM averaged 2.69 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.01 percent this week with an average 0.4 point, down from last week when it averaged 3.05 percent. A year ago, the 5-year ARM averaged 2.62 percent.
- 1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.5 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.55 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.