According to a Fannie Mae report, in August consumer sentiment toward housing turned a bit negative. Overall 35% of them feel the economy is on the right track while 56% believe we are on the wrong track. But 64% of the respondents view conditions as good for purchasing a home. Meanwhile conforming no point 30 year fixed mortgage rates still average 4 1/8th with 15 year rates closer to 3 1/4%.
And now for something completely different: Did you know that Dodger stadium and the area surrounding it has its own designated zip code? The L.A. City Council unanimously voted to get it one in 2009.
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.