- ISIS Troops One Mile from Baghdad
- Ciccarelli named Huntington’s next chief of police
- Huntington District artifacts transferred to the Veterans Curation Program
- OP-ED: Sexual Assault is Men’s Problem
- Perdue: WV Must Broaden Energy Portfolio and Reenergize Chemical Industry
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Sep. 24, 2014
- CFPB Takes Action Against Flagstar Bank for Violating New Mortgage Servicing Rules; Flagstar to Pay $37.5 Million for Blocking Mortgage Borrowers' Attempts to Save Their Homes
- 24 Kanawha County Sex Offenders Found Out of Compliance
- Marshall's Health Informatics program ranked No. 1 most affordable in the nation
- Marshall's Department of Social Work provides job opportunities to students through child welfare program
FREDDIE MAC: Mortgage Rates See Little Movement
"Mortgage rates increased for the week as the labor market appears to be improving," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Based on the employment report [PDF], released last week, the U.S. economy added 288,000 jobs in June, gained 224,000 in May and increased by 304,000 in April. Also, the unemployment rate in June fell to 6.1 percent from 6.3 percent in May."
- 30-year fixed-rate mortgage (FRM) averaged 4.15 percent with an average 0.7 point for the week ending July 10, 2014, up from last week when it averaged 4.12 percent. A year ago at this time, the 30-year FRM averaged 4.51 percent.
- 15-year FRM this week averaged 3.24 percent with an average 0.6 point, up from last week when it averaged 3.22 percent. A year ago at this time, the 15-year FRM averaged 3.53 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.99 percent this week with an average 0.4 point, up from last week when it averaged 2.98 percent. A year ago, the 5-year ARM averaged 3.26 percent.
- 1-year Treasury-indexed ARM averaged 2.40 percent this week with an average 0.4 point, up from last week when it averaged 2.38 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.