- Cannabis To Be Planted Legally in WV For The 1st time In 70 years
- REVISIT: 2014 Story on Pilot Plant by HD Contained Lapses
- Virginia Commonwealth University to explore yoga’s effect on pregnancy depression
- Manchin, Klobuchar, Shaheen, King, Heitkamp, Baldwin Introduce Budgeting for Opioid Addiction Treatment Act
- Contaminated Scrap Metal Stolen in 70s from Huntington AEC Plant
- Detroit heroin dealer pleads guilty to Federal drug crime
- Predominately Filmed in WV "American West" Starts June 11 on AMC
- Tamarack to host Appalachian Music & Arts Festival
- Carol Polan Likely Replacement Candidate for Husband
- WV Boys High School Larosse All State Announced
FREDDIE MAC: Mortgage Rates Near Seven Month Low Heading into Memorial Day Weekend
"Mortgage rates continued to decline this week as industrial production [PDF] slipped by 0.6 percent in April, below the market consensus forecast," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Meanwhile, housing starts [PDF] jumped 13 percent in April to a seasonally adjusted annual rate of 1,072,000 units, well above expectations. Permits rose to a seasonally adjusted annual rate of 1,080,000 in April, also above expectations."
- 30-year fixed-rate mortgage (FRM) averaged 4.14 percent with an average 0.6 point for the week ending May 22, 2014, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.59 percent.
- 15-year FRM this week averaged 3.25 percent with an average 0.5 point, down from last week when it averaged 3.29 percent. A year ago at this time, the 15-year FRM averaged 2.77 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week with an average 0.4 point, down from last week when it averaged 3.01 percent. A year ago, the 5-year ARM averaged 2.63 percent.
- 1-year Treasury-indexed ARM averaged 2.43 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.55 percent.