ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Wednesday August 27, 2014

Posted by Mehran Aram on Wed, Aug 27, 2014 @ 17:08 PM

Mortgage application activity, rose nearly 3% last week while loan requests for home purchases also rose by about 2.5%. While the latter statistic is an indication of a healthy level of home sales, the Congressional Budget Office showed little optimism towards the U.S. economy as a whole by lowering its yearly GDP growth projection from 3.1% to 1.5%. Meanwhile in the bond market a lack of significant news has kept 30-year fixed rates averaging 4.125% and 15-year rates closer to 3.25%.

And now for something, completely different: In addition to the charisma and energy John F. Kennedy brought to the White House, he is also remembered as the only U.S. President to be awarded a Pulitzer Prize for his book, “Profiles in Courage.”

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, Aramco Report, home purchase, White House, bond market, JFK, Congressional Budget Office, 30 year fixed rates, Loan, Mortgage application, U.S. President, Pulitzer Prize, economy, U.S.