ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Monday February 2, 2015

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

The benchmark 10 year note yield fell to 1.693% helping keep mortgage rates at their lowest level since mid-2013, fueling another refinance boom. Boosting demand in the bond market were two measures of manufacturing sentiment in January which matched their worst performance in a year. This thanks to weakness in the European and the Chinese economy as well as the stronger U.S. dollar. Conforming no point 30 year fixed mortgage rates average 3 5/8ths with 15 year rates closer to 2 7/8ths.

And now for something completely different… Did you know that prior to Sunday’s Super Bowl XLIX, the favorite had won 69% of the time? The New England Patriots were also a 1 point favorite in Sunday’s game.

This is Mehran Aram with today's ARAMCO Report. 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.

Ask Mehran Aram

Topics: The Aramco Group, China, 30 year fixed rates, Europe, Super Bowl, 10 Year Note, refinance

ARAMCO Report - Friday August 29, 2014

Posted by Mehran Aram on Fri, Aug 29, 2014 @ 17:08 PM

Recent rallies in European government bonds and a widening spread versus U.S. Treasuries could potentially lead to tightening of domestic monetary policy. If the European Central Bank decides to provide easier access of funds to European banks, Fed Chairwoman Janet Yellen may be compelled to increase rates earlier than the expected. What does this mean for homeowners? If looking to purchase a home with financing, or refinance your current loan, getting started before the end of the year is probably a wise decision, with 30-year fixed rates currently averaging 4.125% and 15-year rates still at around 3.25%.

And now for something, completely different: Deion Sanders is well known for his athletic ability, but did you know that in 1989 he became the only person to score an MLB home run and an NFL touchdown in the same week?

For more information on a home purchase, a refinance, or a reverse mortgage, visit our website at www.ARAMCO.Biz or call me at (877) 700-0942.

This is Alexander Aram filling in for Mehran Aram with today's ARAMCO report.

Ask Mehran Aram

Topics: Aramco Report, and now for something completely different, home purchase, bonds, Janet Yellen, European Central Bank, 30 year fixed rates, Loan, government, Deion Sanders, Football, Baseball, Europe, financing, MLB, U.S. Treasury, NFL

ARAMCO Report - Wednesday June 25, 2014

Posted by Mehran Aram on Wed, Jun 25, 2014 @ 17:06 PM

According to Freddie Mac, the U.S. housing market is sending mixed signals. Despite falling foreclosures and delinquencies and rising home prices and attractive mortgage rates, it’s multi-indicator market index remained weak in many markets. Meanwhile a successful 5 year Treasury auction and a 2.9%. Contraction of the U.S. economy in the first quarter kept mortgage rates low. Conforming no point 30 year fixed mortgage rates average 4 1/4% and 15 year rates closer to 3 1/4.

And now for something completely different: Did you know that Vodka was used as an ingredient in early European formulations of gunpowder?

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, Treasury, Housing Market, 30 year fixed rates, Freddie Mac, Europe, Gun Powder, history, Vodka, Mortgage rates