- Nuclear Accident in Illinois; Guards say Shelter in Place; Honeywell it all Stayed on Site
- OP-ED: Break-ups, Rejections and School Shootings: Educate Youth for Resiliency
- Conspiracy Alleged in Energy Worker Exposure at Hanford, Portsmouth
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Oct. 29, 2014
- Over the Highway and to the Trench Contaminated Huntington Materials Exposed Many
- New Gaming Arcade Business Opening in Downtown Huntington
- A License to Steal, Kill, Cover Up and Do it All Over Again
- Huntington Man Arrested for Crack Cocaine Delivery
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Oct. 28, 2014
- Precautionary Boil Water Advisory Issued for Customers in Barboursville – Advisory Revised to Include New Areas
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.