- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Sep. 19, 2014
- IMAGES: Midland Tops H.H.S. 31-26
- WV Broadcasting Hall of Fame announces 2014 inductees
- Marshall University celebrates grand opening of ‘world-class’ Visual Arts Center in downtown Huntington
- Three Arrestees Now Face Wanton Endangerment Charges for Whiskey Rocks Shooting Spree
- United Way Fall Campaign to kick off Sept. 22 on Marshall University’s Huntington campus
- Barboursville Pharmacy Owner Arraigned on Drug Distribution, Money Laundering Charges
- Former Secretary of State, Congressman Ken Hechler Turns 100 Years Old September 20
- Shaheen, LeMay will read from their work Oct. 6 at Marshall University
- Huntington mayor, Supreme Court justices entered in quoits tournament
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.