- Cannabis To Be Planted Legally in WV For The 1st time In 70 years
- Predominately Filmed in WV "American West" Starts June 11 on AMC
- Huntington Council Hears First Reading on Planned Duplex
- Huntington Council Discusses Two Ordinances
- 2016 Rails & Ales Festival to be Held on Saturday, August 13th
- PSC Legacy Document Shows Dietz Landfill Closure Cost to be Shared by INCO, City
- Pullman Plaza Sold; Will Become Hilton Doubletree
- Marshall listed among Best Online Liberal Arts Colleges for Bachelor’s Degrees
- Lecture Series Held at City Hall
- Attorney General Morrisey to EPA: Halt Federal Spending on Clean Power Plan
FREDDIE MAC: Mortgage Rates Continue to Rise
"Mortgage rates continued to climb for the second week in a row following the increase in 10-year Treasury yields," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Also, the economy added 217,000 jobs in May, following a 282,000 surge in April and a 203,000 increase in March. Meanwhile, the unemployment rate in May held steady at 6.3 percent."
- 30-year fixed-rate mortgage (FRM) averaged 4.20 percent with an average 0.6 point for the week ending June 12, 2014, up from last week when it averaged 4.14 percent. A year ago at this time, the 30-year FRM averaged 3.98 percent.
- 15-year FRM this week averaged 3.31 percent with an average 0.5 point, up from last week when it averaged 3.23 percent. A year ago at this time, the 15-year FRM averaged 3.10 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.05 percent this week with an average 0.4 point, up from last week when it averaged 2.93 percent. A year ago, the 5-year ARM averaged 2.79 percent.
- 1-year Treasury-indexed ARM averaged 2.40 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.58 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.