ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Wednesday July 30, 2014

Posted by Mehran Aram on Wed, Jul 30, 2014 @ 17:07 PM

A stronger than expected 4% annual growth rate in 2nd quarter GDP sparked a sell off in the bond market, pushing mortgage rates up by 1/8th of a %. With conforming no point 30 year fixed rates closer to 4 1/4 % and 15 year rates closer to 3 1/4. Meanwhile the Federal Reserve said the U.S. economy is improving and the risks of deflation are disappearing. The Fed did cut back its monthly bond buying by another $10 billion while committing to keep interest rates low for a considerable time.

And now for something, completely different: Did you know that Japan has approximately 200 volcanoes? Japan is home to 10% of the active volcanoes in the world!

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This is Mehran Aram with today's ARAMCO Report.

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Topics: Reverse Mortgage, Aramco Report, and now for something completely different, Interest Rates, Fed, U.S. economy, bond buying, 30 year fixed rates, Federal Reserve, Japan, annual growth, volcanoes