ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Monday June 23, 2014

Posted by Mehran Aram on Mon, Jun 23, 2014 @ 17:06 PM

According to the National Association of Realtors, May existing home sales rose by 4.9 % and hit the fastest pace in 7 months.  This thanks to a strengthening labor market, falling mortgage rates, expanding inventories and much better weather.  The inventory of all for sale homes in the U.S. jumped by 11.8 % year over year after falling sharply for the previous two years. Meanwhile conforming no point 30 year fixed mortgage rates still average 4 1/4 % with 15 year rates closer to 3 1/4.

And now for something, completely different:The seven spikes atop the Statue of Liberty‘s head are sun rays representing her divinity and not a representation of the seven seas and seven continents.

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, home purchase, Mehran Aram, Statue Of Liberty, divinity, 30 year fixed rates, National Association of Realtors, Mortgage rates