ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Monday September 8, 2014

Posted by Mehran Aram on Mon, Sep 8, 2014 @ 17:09 PM

According to a Fannie Mae report, in August consumer sentiment toward housing turned a bit negative. Overall 35% of them feel the economy is on the right track while 56% believe we are on the wrong track. But 64% of the respondents view conditions as good for purchasing a home. Meanwhile conforming no point 30 year fixed mortgage rates still average 4 1/8th with 15 year rates closer to 3 1/4%.

And now for something completely different: Did you know that Dodger stadium and the area surrounding it has its own designated zip code? The L.A. City Council unanimously voted to get it one in 2009.

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, 30 year fixed rates, Fannie Mae, ARAMCO, Housing, L.A. Dodgers, Zip Code, refinance, economy, Dodger Stadium

ARAMCO Report - Thursday June 19, 2014

Posted by Mehran Aram on Thu, Jun 19, 2014 @ 17:06 PM

According to Freddie Mac’s June 2014 economic and housing market outlook, at midyear existing home sales year over year are down by 7 % and new home sales are down by 3 %. Economists have lowered their overall forecast on home sales for 2014. Inventories of homes for sale remain limited and prices are on the rise but not as dramatic as last year. Conforming no point 30 year fixed mortgage rates average 4 1/4 % with 15 year rates closer to 3 1/4.

And now for something completely different: When it comes to historic ballparks, Dodger Stadium is the 3rd oldest park behind Fenway Park which is 100 years old and Wrigley Field in Chicago at 98 years old!

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: Aramco Report, and now for something completely different, Chicago, Mehran Aram, Los Angeles, Fenway Park, Wrigley Field, 30 year fixed rates, Freddie Mac, Baseball, new home sales, Mortgage rates, Dodger Stadium, Dodgers