ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Thursday September 11, 2014

Posted by Mehran Aram on Thu, Sep 11, 2014 @ 17:09 PM

Following several days of upward movement in treasury yields, mortgage rates are up by 1/8th of a %. Conforming no point 30 year fixed mortgage rates now average 4 1/4% with 15 year rates closer to 3 3/8ths. According to the Mortgage Bankers Association, the volume of loan applications for home purchase fell by 9% in August. Meanwhile RealtyTrac reported the first year over year uptick in foreclosure activity up 7% in August.

And now for something, completely different: Did you know that there is such a thing as a doggy disco in Italy? Yes, every year the owners gather and dance with their dogs!

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.

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Topics: Reverse Mortgage, Aramco Report, home purchase, RealtyTrac, Treasury, 30 year fixed rates, ARAMCO, Mortgage Bankers Association, Doggy Disco, Italy