Twas the night before Christmas, when all through the house, strangers were lurking and moving about; The open house signs had all been nailed down, in the hopes that folks would visit from all over town;
The children had cleaned and tidied their room, knowing that buyers would be there soon; And realtor in the kitchen and lender on the phone, had just assured the owner that they could sell their home;
When out in the foyer there arose such a clatter, the agent jumped up to see what was the matter; Away past the counter which was made of granite, across the den with its floors of laminate;
When what to his wondering eyes should appear, a bidding war with which he should not interfere; They spoke many words and then went straight to work, "Offer accepted!" he said with a smirk;
The new owners understood as they applied for the loan, "It's a seller's market" they acknowledged and signed with a groan.
Today, conforming no-point 30-year fixed mortgage rates are averaging 3.0 percent and 15-year rates are near 2.25 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article