ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Friday September 12, 2014

Posted by Mehran Aram on Fri, Sep 12, 2014 @ 17:09 PM

Stronger than expected economic data put further upward pressure on mortgage rates. September consumer sentiment rose to the highest level since July of 2013, while August retail sales were the strongest since April. Conforming no point 30 year fixed mortgage rates average 4 1/4% with 15 year rates closer to 3 3/8ths. Meanwhile according to CoreLogic in Southern California the number of homes with reduced asking price has risen sharply in recent months as buyers gain more leverage.

And now for something completely different: Did you know that the fastest running bird is the Ostrich? Yes, it has been clocked at 60 miles per hour!

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: Reverse Mortgage, Aramco Report, and now for something completely different, home purchase, birds, CoreLogic, Southern California, 30 year fixed rates, retail sales, Ostrich, economic data, Mortgage rates, buyers

ARAMCO Report - Friday July 25, 2014

Posted by Mehran Aram on Fri, Jul 25, 2014 @ 17:07 PM

According to the National Association of Realtors, Chinese buyers are now the biggest international players in the U.S. housing market. More than half of the $22 billion Chinese purchases were made in California, Washington and New York and nearly 1/2 of the purchasers were strictly for investment. In areas such as San Diego according to CoreLogic, the inventory of homes down to only 2 1/2 months supply. Conforming no point 30 year fixed mortgage rates average 4 1/8th with 15 year rates closer to 3 1/8th. 

And now for something completely different: Did you know that the city of New York paid $5 million in 1853 for the land that is now central park? Today it’s worth just under $530 billion dollars!

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, The Aramco Group, San Diego, Mehran Aram, Housing Market, Aramco Mortgage, New York, National Association of Home Builders, Chinese, buyers, Central Park