ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Tuesday May 6, 2014

Posted by Mehran Aram on Tue, May 6, 2014 @ 16:05 PM

According to the National Association of Home Builders, 59 metros have fully recovered from the last housing market crash and 300 saw year over year gains. Meanwhile a Trulia survey showed that 41 percent of Americans would prefer a new home while 21 percent preferred an existing home and 38 percent had no preference. In the mortgage market, conforming no point 30 year fixed rates average 4 1/4 percent with 15 year rates closer to 3 1/4 percent.

And now for something, completely different: New Yorkers have some of the longest commutes, averaging 40 minutes, well above the national average of 20 minutes.

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: Reverse Mortgage, Aramco Report, and now for something completely different, The Aramco Group, San Diego, Mehran Aram, New Yorker, new and existing home sales, Housing Market, Aramco Mortgage, New York, Trulia, crash, commute, National Association of Home Builders