Mortgage rates remain at their lowest level since mid-2013 with conforming no point 30 year fixed rates now averaging 3 5/8ths and 15 year rates closer to 3%. This thanks to ongoing concerns about weak global economic growth, falling oil prices, and lower consumer price inflation. But once again we‘re seeing renewed expectations that the Federal Reserve may begin raising short term interest rates earlier this year instead of late 2015 or 2016.
And now for something completely different… Did you know that wealthy Moscow residents are able to hire fake “ambulance taxis?” They use them to beat the city’s terrible traffic jams.
For more information on a home purchase, refinance, or a reverse mortgage, visit our website at Aramco.Biz or call me at (877) 700-0942.
This is Mehran Aram with today's ARAMCO Report.