- AT&T Announces Nearly 60 Jobs Available in Huntington
- NNSA releases Environmental Review of UPF Bomb Plant Plans
- Pike County Murder Investigation: Update
- Portsmouth Waste Reburial: "Classification" withholds truths for that which is not actually classified
- Huntington Councilwoman Meets Hillary Clinton
- School of Physical Therapy cloaks students during White Coat Ceremony
- Virginia man pleads guilty to defrauding The Greenbrier through cancer scheme
- Student diagnosed with meningitis; university following CDC protocol
- Congressman Shuster Endorses Donald Trump for President
- Huntington Fire Department now carrying life-saving medication for opioid overdoses
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.