ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report -Tuesday January 13, 2015

Posted by Mehran Aram on Tue, Jan 13, 2015 @ 17:01 PM

An earlier rally in stocks on Tuesday faded away completely, leaving stocks barely in negative territory and once again benefiting banks.  The yield on the 10 year treasury note fell again, closing below the 1.9% mark for the 1st time in 20 months. This thanks to yet another drop in the price of oil, now around $45 a barrel and the continuing uncertainty about the global economic growth. Conforming no point 30 year fixed rates average 3 5/8ths with 15 year rates closer to 3%

And now for something completely different… Did you know that in Dubai, the Burj Al Arab Hotel offers all its in house guest, a 24 carat gold iPad? The guest get to keep it for the duration of their stay and use it as a virtual concierge.

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, bonds, Treasury, yield, uncertainty, 30 year fixed rates, Mortgage Market, stock market, economist, oil, global economic, growth, Mortgage rates, financing

ARAMCO Report -Wednesday October 1, 2014

Posted by Mehran Aram on Wed, Oct 1, 2014 @ 17:10 PM

According to Trulia’s chief economist, despite the recent deceleration in home price appreciation, nationally home prices were 3% undervalued in the 3rd quarter of 2014. Meanwhile in the mortgage market, mortgage rates fell 1/8th of a % to their lowest level of the year. Conforming no point 30 year fixed rates now average 4 1/8th with 15 year rates closer to 3 1/4%. This following a big sell off in the stock market which sparked a big rally in bonds.

And now for something completely different: Did you know that it took the inventor of the Rubik’s Cube, Erno Rubik, an entire month to solve the puzzle before introducing it to the public?

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: home prices, bonds, Rubik's Cube, 30 year fixed rates, Trulia, Mortgage Market, stock market, economist, puzzles, Mortgage rates, financing