- ISIS Troops One Mile from Baghdad
- Huntington District artifacts transferred to the Veterans Curation Program
- Ciccarelli named Huntington’s next chief of police
- 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
- Marshall's Department of Social Work provides job opportunities to students through child welfare program
- Marshall's Health Informatics program ranked No. 1 most affordable in the nation
- OP-ED: Sexual Assault is Men’s Problem
- Perdue: WV Must Broaden Energy Portfolio and Reenergize Chemical Industry
- Multi-million dollar federal grant renewed for Marshall researchers and statewide collaborators
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Sep. 24, 2014
FREDDIE MAC: Mortgage Rates Remain Largely Unchanged
"Mortgage rates were little changed this week with the 30-year fixed-rate mortgage rate at 4.12 percent, just a basis point lower from the previous week," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Meanwhile, on Wednesday afternoon the yield on the 10-year Treasury surged as data showed gross domestic product for the second quarter at a 4.0 percent annualized rate, above expectations."
- 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.6 point for the week ending July 31, 2014, down from last week when it averaged 4.13 percent. A year ago at this time, the 30-year FRM averaged 4.39 percent.
- 15-year FRM this week averaged 3.23 percent with an average 0.7 point, down from last week when it averaged 3.26 percent. A year ago at this time, the 15-year FRM averaged 3.43 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.01 percent this week with an average 0.5 point, up from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 3.18 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 2.39 percent. At this time last year, the 1-year ARM averaged 2.64 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.