According to a recent study from Harvard University, homeownership rates have declined for nine years straight and are currently at their lowest levels since 1995. An improved jobs market, looser underwriting standards, and rising home values will hopefully create a sense of urgency and reverse this trend in the years to come. Meanwhile, continuous signs of a lackluster economic recovery have pushed stocks lower and strengthened the bond market, leaving 30-year fixed rates at around 4.25% and 15-year rates averaging 3.25%
And now for something completely different: Never say no to a warm embrace. A 20-second hug has been proven to increase levels of oxytocin, an important peptide hormone that reduces blood pressure and in turn decreases your risk of heart disease.
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.