ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Friday January 23, 2015

Posted by Mehran Aram on Thu, Jan 29, 2015 @ 14:01 PM

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.

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Topics: home sales, inventory, 30 year fixed rates, NAR, Britain, Mortgage rates, median sales, Ireland