ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Tuesday February 3, 2015

Posted by The Aramco Group on Tue, Feb 24, 2015 @ 11:02 AM

According to CoreLogic nationwide home prices rose by 5% from December 2013 to December of 2014. While clearly we are nowhere close to the double digit gains of the previous years it was still a positive report. But a big reduction in the FHA mortgage insurance premium and Fannie and Freddie’s 3% down payment programs should give an additional boost to home buying activity. Meanwhile conforming no point 30 year fixed mortgage rates average 3 5/8ths with 15 year rates closer to 2 7/8ths. And now for something completely different… You may find it very interesting to know that Dr. Suess wrote “Green Eggs and Ham” to win a bet against his publishers who thought that he could not complete a book with only 50 words!

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: home prices, 30 year fixed rates, FHA, Dr. Suess, Green Eggs and Ham