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ARAMCO Report - Tuesday March 24, 2015

Posted by The Aramco Group on Tue, Mar 24, 2015 @ 13:03 PM

The job market appears to be recovering and businesses are hiring at the fastest pace in 15 years. However it seems a lack of long-term trust in the economy has resulted in a decline in durable goods investments for businesses across the country. According to the U.S. Department of Commerce, companies have reduced investments in items like cars, appliances and computers for three of the last four months, and are now investing less than they were a year ago. Large-scale declines in machinery purchases may also be due to the reduction in oil and gas prices, which has put pressure on the previously gangbusters domestic energy sector. Meanwhile in the mortgage bond market, rates remain low with conforming no point 30 year fixed rates averaging 3.75 percent with 15-year rates closer to 3 percent. 

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: durable goods, gasoline, labor market, 30 year fixed rates, economic growth, jobs, economic data

ARAMCO Report - Friday January 16, 2015

Posted by Mehran Aram on Fri, Jan 16, 2015 @ 11:01 AM

In December consumer inflation saw the biggest monthly drop in 6 years thanks to falling gasoline prices. The 4/10ths of a % drop in inflation in December was the largest drop since the end of 2008. But consumer sentiment skyrocketed to an 11 year high pushing stock prices sharply higher on Monday sparking a sell-off in Bonds. Mortgage rates remain at their lowest level since 2013 with conforming no point 30 year rates averaging 3 5/8ths and 15 year rates closer to 3%.

And now for something completely different… Did you know that actor Paul Newman’s food company, Newman’s Own, donates all its profits to charity? Since 1982 the company has donated over $400 million.

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: gasoline, bonds, prices, Paul Newman, Newman's Own, 30 year fixed rates, sell-off, inflation, sentiment, high, pushing, stock prices, consumer