ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Thursday September 4, 2014

Posted by Mehran Aram on Thu, Sep 4, 2014 @ 18:09 PM

The European Central Bank surprised the financial markets by lowering all its interest rates and announced two new programs to purchase asset-backed securities and covered bonds issued by Eurozone Banks. The move should make U.S. bonds more attractive to inventories with relatively higher yields and help keep our rates from rising too high. Conforming no point 30 year fixed mortgage rates average 4 1/8th with 15 year rates closer to 3 1/4%. Meanwhile according to the N.A.R, home price appreciation hit a 21 month low in July.

And now for something completely different and since the Padres just played Denver tonight: Did you know that former Colorado Rockies player, Eric Young, set a team record in 1995 for most stolen bases in a single game? He stole 5 bases!

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: home prices, San Diego, bonds, Colorado Rockies, Padres, Interest Rates, European Central Bank, Stolen Bases, National Association of Realtors, Mortgage rates

ARAMCO Report - Thursday July 3, 2014

Posted by Mehran Aram on Thu, Jul 3, 2014 @ 17:07 PM

A much better than expected June employment report initially pushed bond yields sharply higher, but later in the session half of those losses were recouped. Traders concluded that the report did not show enough economic acceleration to shift the Fed’s monetary policy. Meanwhile according to Black Knight, foreclosure starts unexpectedly jumped by 9.5% in May. 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 on April 9, 1993, the Colorado Rockies set a team record for attendance on an Opening Day game? 80,227 fans came to see the first game ever at Mile High Stadium.

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, and now for something completely different, home purchase, Colorado Rockies, Mile High Stadium, 30 year fixed rates, foreclosures, employment, Black Knight