ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Friday February 6, 2015

Posted by The Aramco Group on Tue, Feb 24, 2015 @ 11:02 AM

Friday was a rough day for the bond market and mortgage rates which rose by 1/8th of a %. A much stronger than expected employment report was the major catalyst for the move. In January the U.S. economy created a higher than forecast 257,000 jobs while the previous 2 months data was also revised upward by 147,000 renewing fears of earlier Fed rate hikes. Conforming no point 30 year fixed mortgage rates now average 3 3/4ths with 15 year rates closer to 3%. And now for something completely different. Here is a good one: The Emperor penguin can dive to a depth of 1,850 feet. That’s deeper than the operational range of most naval submarines!

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: bond market, 30 year fixed rates, employment, Mortgage rates

ARAMCO Report - Friday August 1, 2014

Posted by Mehran Aram on Fri, Aug 1, 2014 @ 17:08 PM

Historically weaker than expected economic data leads to a rally in U.S. bonds and pushes interest rates lower. The July employment report was no exception as the U.S. economy added a smaller than expected 209,000 jobs and the unemployment rate rose to 6.2%. Meanwhile U.S. construction spending also fell 1.8% in June giving the bond market a further boost. Conforming no point 30 year fixed rates average 4 1/4% with 15 year rates closer to 3 1/4.

And now for something completely different:Did you know that the Planters company mascot, Mr. Peanut was created during a contest for schoolchildren in 1916?

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 purchase, Interest Rates, 30 year fixed rates, Construction, employment, U.S. bonds, economic data, Planters, Mr. Peanut

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

ARAMCO Report - Thursday June 5, 2014

Posted by Mehran Aram on Thu, Jun 5, 2014 @ 17:06 PM

According to the Federal Reserve thanks to higher home prices and a growing stock market, the net worth of U.S. households in the first quarter rose by $1.5 trillion to a total of $81.76 trillion. Meanwhile Trulia reports that the home price explosion peaked in September and October of last year. Mortgage rates were unchanged ahead of the employment report with conforming no point 30 year fixed rates averaging 4 1/4 % and 15 year rates closer to 3 1/4.

And now for something completely different: Did you know that the first spam message was sent in 1864? It was a telegraph consisting of dubious investment offers to wealthy Americans.

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, Mehran Aram, telegraph, investment, 30 year fixed rates, Trulia, spam, Federal Reserve, employment