ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Thursday August 21, 2014

Posted by Mehran Aram on Thu, Aug 21, 2014 @ 17:08 PM

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.

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Topics: home sales, Reverse Mortgage, Aramco Report, and now for something completely different, labor market, U.S. Housing, Belgium, 30 year fixed rates, chocolate, Mortgage rates