There was very little change in the mortgage rates following the release of the minutes from the Fed’s last meeting as it revealed nothing new. The good news is that mortgage rates remain at their lowest level of the year with conforming no point 30 year fixed rates averaging 4 1/4 % and 15 year rates closer to 3 1/4 %. Meanwhile Fannie Mae cut its outlook for home sales for this year and for 2015.
And now for something, completely different: Did you know that the popular game Bingo was originally called “Beano” because players used beans to cover the numbered squares.
For more information on a home purchase, refinance, or a reverse mortgage, visit our website at www.ARAMCO.Biz or call me at (877) 700-0942.
This is Mehran Aram with today's ARAMCO Report.