The Open House Before Christmas

The Open House Before Christmas

The Open House Before Christmas
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, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article