According to the U.S. Department of Labor, job openings in April soared to their highest level in almost 7 years at 4.5 million. The National Federation of Independent Business’s small business optimism index also rose to the highest level since 2007. Meanwhile Realty Trac reported a drop in May foreclosure activity to an 8 year low. As for mortgage rates, conforming no point 30 year fixed rates average 4 1/4 % with 15 year rates closer to 3 1/4.
And now for something completely different: Did you know that the first American flag was designed in Philadelphia and sewn by Betsy Ross out of her upholstery shop!
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.