Continuing conflicts in Ukraine, Iraq, and Israel has lead to a traditional flight to safety in U.S. treasuries, pushing the 10 year note yield down to its lowest level since June of 2013. This has kept mortgage rates low with conforming no point 30 year fixed rates averaging 4 1/8th and 15 year rates closer to 3 1/4. Meanwhile mortgage delinquencies are at their lowest level since the 4th quarter of 2007.
And now for something, completely different: The infamous Nike Swoosh was invented by Caroline Davidson back in 1971. She was only paid $35 for it!
For more information on a home purchase, refinance, or a reverse mortgage, visit our website at Aramco.Biz or call me at (877) 700-0942.
This is Mehran Aram with today's ARAMCO Report.