ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Tuesday August 5, 2014

Posted by Mehran Aram on Tue, Aug 5, 2014 @ 17:08 PM

The ISM non-manufacturing index rose in June to the highest level in 9 years. U.S. factory orders also rose by 1.1% the highest level since 1992. And according to Core Logic, nationwide home prices in June year over year rose by 7 1/2%. But all the good economic news was offset by continuing geopolitical risks overseas leaving mortgage rates unchanged. Conforming no point 30 year fixed rates average 4 1/4% with 15 year rates closer to 3 1/4.

And now for something completely different: Did you know that the Kraft company produces enough Cool Whip in one year to fill the entire Grand Canyon? That’s pretty cool!

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, home purchase, CoreLogic, 30 year fixed rates, ARAMCO, ISM non-manufacturing index, Cool Whip, Kraft, Grand Canyon