- Man Dead in Westmorland House Fire
- Fire Department Holds Kid's Christmas Party at Huntington City Mission
- West Virginia joins America’s State Parks in challenge to “#OptOutside” beginning Black Friday
- Huntington Police Arrest Two on Drug Charges
- Pinnacle 12 Premieres Marquee Extreme Viewer Experience Honoring McCall Legacy IMAGES
- CFPB Spotlights Concerns with Medical Debt Collection and Reporting; CFPB to Require Credit Reporting Agencies to Regularly Report on Consumer Disputes
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Dec. 22, 2014
- Huntington Christmas Parade
- Buckeye Elite National Basketball Showcase To Take Place in Huntington This Weekend
- OP-ED: How Prosecutors Think
FREDDIE MAC: Fixed Mortgage Rates Down Slightly
"Mortgage rates were down slightly for the week ending on June 19, 2014," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Meanwhile, housing starts [PDF] in May were 6.5 percent below the revised April rate. Following a similar pattern, building permits fell 6.4 percent in May after a 5.9 percent increase a month earlier. Also, CPI [PDF] rose 0.4 percent in May, more than expected, following a 0.3 percent rise in April."
- 30-year fixed-rate mortgage (FRM) averaged 4.17 percent with an average 0.6 point for the week ending June 19, 2014, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.
- 15-year FRM this week averaged 3.30 percent with an average 0.5 point, down from last week when it averaged 3.31 percent. A year ago at this time, the 15-year FRM averaged 3.04 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.00 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 2.79 percent.
- 1-year Treasury-indexed ARM averaged 2.41 percent this week with an average 0.4 point, up from last week when it averaged 2.40 percent. At this time last year, the 1-year ARM averaged 2.57 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.