ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Thursday January 22, 2015

Posted by Mehran Aram on Mon, Jan 26, 2015 @ 13:01 PM

The European Central Banks decision to start purchasing bonds gave the stock market a big boost. Initially there was upward pressure on mortgage rates due to a knee jerk reaction by bond traders to sell. But surprisingly mortgage bonds recovered their earlier losses leaving mortgage rates unchanged. Conforming no point 30 year fixed rates still average 3 5/8ths with 15 year rates closer to 3%. Their lowest level since mid-2013.

And now form something completely different… You probably didn’t know that workers of Ben & Jerry’s Ice Cream are entitled to take home 3 free pints of ice cream or frozen yogurt per day. Not bad at all!

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.


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Topics: bonds, European Central Bank, purchasing, stock market, traders

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 - 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