As less Americans file for unemployment benefits, and layoffs slowly stabilize following weeks of volatility, the overall health of the U.S. workforce appears to be slowly improving. This is evidenced by consumer confidence which remains at its second-highest level in over six years, demonstrating an increased optimism among households. Interest rates remain quite low, with 30-year fixed rates at around 4.25% and 15-year rates averaging 3.25%.
And now for something completely different. Although he was deaf, Beethoven stimulated the ears of millions of people. Beethoven’s 74 minute long Ninth Symphony continues to affect our daily lives, as CDs were designed to contain exactly 74 minutes of music in order to play his final masterpiece in its entirety.
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 Alexander Aram filling in for Mehran Aram with today’s ARAMCO Report.