Recent rallies in European government bonds and a widening spread versus U.S. Treasuries could potentially lead to tightening of domestic monetary policy. If the European Central Bank decides to provide easier access of funds to European banks, Fed Chairwoman Janet Yellen may be compelled to increase rates earlier than the expected. What does this mean for homeowners? If looking to purchase a home with financing, or refinance your current loan, getting started before the end of the year is probably a wise decision, with 30-year fixed rates currently averaging 4.125% and 15-year rates still at around 3.25%.
And now for something, completely different: Deion Sanders is well known for his athletic ability, but did you know that in 1989 he became the only person to score an MLB home run and an NFL touchdown in the same week?
For more information on a home purchase, a refinance, or a reverse mortgage, visit our website at www.ARAMCO.Biz or call me at (877) 700-0942.
This is Alexander Aram filling in for Mehran Aram with today's ARAMCO report.