According to the National Association of Realtors, the national median sale price of an existing home year over year rose by 8.3% in the 1st quarter of this year. But in the 2nd quarter of 2014, year over year, home prices rose by only 4.4%. So there is definitely a significant decrease in the rate of home price appreciation. Meanwhile conforming no point 30 year fixed mortgage rates average 4 1/8th with 15 year rates closer to 3 1/8.
And now for something, completely different: Did you know that because of its tilt, the winter and summer seasons on Uranus last approximately 42 years each?
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.