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ARAMCO Report - Wednesday May 28, 2014

Posted by Mehran Aram on Wed, May 28, 2014 @ 17:05 PM

According to Freddie Mac’s Multi-Indicator Market Index, overall the U.S. housing market was largely flat in March and only 13 of the 50 states plus the District of Columbia were improving based on a 3 month trend. The news sparked a rally in bonds and pushed mortgage rates to their lowest level since last November with conforming no point 30 year fixed rates averaging 4 1/8 th and 15 year rates closer to 3 1/8 th.

And now for something completely different: In 1997 the Texas legislature passed a bill to allow casting absentee ballots from space because of NASA and the astronauts living in the Houston area.

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Topics: Aramco Report, and now for something completely different, Texas, Housing Market, bond market, astronauts, 30 year fixed rates, Freddie Mac, NASA, Mortgage rates