- Three People Arrested in Connection with Multi-County Drug Trafficking Operation
- Marshall University Forensic Science Graduate Program student receives national award
- Marshall Health expands pediatric office on Route 60
- Bernie Packs Huntington's Big Sandy; Hillary and Trump Win Big IMAGES
- Governor Tomblin Endorses Hillary Clinton for President
- TRANSCRIPT: Mayoral Candidate Alleges Mayor, Council "Embarassed" by Towing Outcry; Council Allegedly Persecutes Disabled Member for Backing Ordinance
- More than 1,700 to graduate from Marshall University May 7
- U.S. Attorney's Office announces collection sites for DEA's National Prescription Drug Take-Back Day
- AG DeWine Sues Out-of-State Telemarketer for Misleading Ohioans about Computer Virus
- Nostalgic Images of Ten Forgotten Huntington Venues
FREDDIE MAC: Mortgage Rates Little Changed Heading into Holiday Weekend
"Mortgage rates were little changed from the previous week and remain below levels seen the same time last year, which should provide some help with homebuyer affordability in many markets," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Recent housing data was better with pending home sales up 6.1 percent in May and overall construction spending [PDF] showing a slight improvement with private residential spending now up 7.5 percent on yearly basis."
- 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending July 3, 2014, down from last week when it averaged 4.14 percent. A year ago at this time, the 30-year FRM averaged 4.29 percent.
- 15-year FRM this week averaged 3.22 percent with an average 0.5 point, unchanged from last week. A year ago at this time, the 15-year FRM averaged 3.39 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.98 percent this week with an average 0.4 point, unchanged from last week. A year ago, the 5-year ARM averaged 3.10 percent.
- 1-year Treasury-indexed ARM averaged 2.38 percent this week with an average 0.4 point, down from last week when it averaged 2.40 percent. At this time last year, the 1-year ARM averaged 2.66 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.