According to the National Association of Realtors in 2014 existing home sales fell by 3.1% compared to 2013. But the median sales price rose 5.8% and inventory was down to a 4.4 month supply. Meanwhile delinquencies fell 7.2% in December and mortgage rates remain at their lowest level since 2013. Conforming no point 30 year fixed rates average 3 5/8ths with 15 year rates closer to 3%.
And now for something completely different… Did you know that before alarm clocks were affordable or reliable in Britain and Ireland they used a “Knocker-Up.” Yes! He would go door to door to paying customers and wake them up!
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.