ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Friday July 25, 2014

Posted by Mehran Aram on Fri, Jul 25, 2014 @ 17:07 PM

According to the National Association of Realtors, Chinese buyers are now the biggest international players in the U.S. housing market. More than half of the $22 billion Chinese purchases were made in California, Washington and New York and nearly 1/2 of the purchasers were strictly for investment. In areas such as San Diego according to CoreLogic, the inventory of homes down to only 2 1/2 months supply. Conforming no point 30 year fixed mortgage rates average 4 1/8th with 15 year rates closer to 3 1/8th. 

And now for something completely different: Did you know that the city of New York paid $5 million in 1853 for the land that is now central park? Today it’s worth just under $530 billion dollars!

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.

Ask Mehran Aram

Topics: Reverse Mortgage, Aramco Report, The Aramco Group, San Diego, Mehran Aram, Housing Market, Aramco Mortgage, New York, National Association of Home Builders, Chinese, buyers, Central Park