The latest economic data provided further proof of an improving labor market and a continuing recovery in U.S. housing. Last week jobless claims fell to the lowest level in 8 years while existing home sales rose 2.4% last month to their highest level since last September. But despite the better than expected economic data, conforming no point 30 year fixed mortgage rates still average 4 1/8th with 15 year rates closer to 3 1/8th.
And now for something, completely different: Most of us love chocolate here in the U.S. But did you know that the tine country of Belgium produces 172,000 tons of chocolate a year?
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.