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ARAMCO Report - Monday August 25, 2014

Posted by Mehran Aram on Mon, Aug 25, 2014 @ 17:08 PM

According to a recent report from the Federal Reserve Bank of Chicago, U.S. economic activity in July expanded at a rate above its historical trend. While Fed Chairwoman Janet Yellen continues to outline positive news in the job market as support for the Fed increasing rates, the bond market remained relatively unchanged on Monday. 30-year fixed rates remain at around 4.125% while 15-year rates average 3.25%.

And now for something, completely different: Did you know that the average American is more than $200,000 in debt? And to top that, most Americans have less than $500 in savings.

For more information on a home purchase, refinance, or a reverse mortgage, visit our website at www.ARAMCO.Biz or call me at (866) 700-0942.

This is Mehran Aram with today's ARAMCO Report.

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Topics: Aramco Financial, Aramco Report, home purchase, Federal Reserve Bank of Chicago, debt, savings, Aramco Mortgage, Janet Yellen, American, Fed Chairwoman, 30 year fixed rates