ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Wednesday February 18, 2015

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

The minutes for the Fed’s January meeting was viewed as dovish and bond friendly. Many Fed officials said a premature rate hike would harm the recovery, while only a few thought a later move would risk higher inflation and lead to bubbles. Meanwhile the producer price index fell by a record 8/10ths of a % in January and permits for residential building also fell by 7/10ths of a %. Bonds rallied with conforming no point 30 year fixed mortgage rates averaging 3 7/8ths and 15 year rates closer to 3 1/8th. And now for something completely different… Abraham Lincoln was known for a lot of different things. But did you know he is also in the wrestling hall of fame? He lost only one out of almost 300 matches! 

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.

Ask Mehran Aram

Topics: bonds, Interest Rates, 30 year fixed rates, Federal Reserve, Abraham Lincoln, Wrestling

ARAMCO Report - Tuesday June 17, 2014

Posted by Mehran Aram on Tue, Jun 17, 2014 @ 18:06 PM

Housing starts in May were down by 6.5% compared to April and building permits fell by 6.4%. Weaker economic reports usually spark a rally in bonds and push mortgage rates lower. But not when there are signs of rising inflation. The consumer price index jumped by 4/10ths of a % last month renewing concerns that the Fed may raise rates sooner. Despite higher discount points, conforming no point 30 year fixed rates still average 4 1/4 % with 15 year rates closer to 3 1/4.

And now for something, completely different: Did you know that Abraham Lincoln was the tallest U.S. President at 6’ 4’’ and James Madison was the shortest at 5’ 4’’?

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.

Ask Mehran Aram

Topics: Reverse Mortgage, Aramco Report, home purchase, Mehran Aram, bonds, bond market, 30 year fixed rates, Abraham Lincoln, James Madison, Mortgage rates, President, U.S.