ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report -Tuesday September 30, 2014

Posted by Mehran Aram on Tue, Sep 30, 2014 @ 17:09 PM

Mortgage rates were unchanged despite weaker than expected economic data. Pending home sales fell 1% in August and according to the Case-Shiller index, home price appreciation for the entire nation slowed to only 5.6% in the 12 months ended in July. Separately the consumer confidence index and the Chicago purchasing manager’s index both fell in September. Conforming no point 30 year fixed mortgage rates average 4 1/4% with 15 year rates closer to 3 3/8ths.

And now for something completely different: Did you know that in Switzerland if you fail you driver’s license exam 3 times, you are required to see a psychologist? This is to assess the reasons for your repeated failures.

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.

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Topics: home sales, Reverse Mortgage, Aramco Report, and now for something completely different, Case-Shiller Index, Chicago purchasing manager's index, 30 year fixed rates, Switzerland, psychologist, driver's license, economic data, Mortgage rates