ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report - Tuesday September 16, 2014

Posted by Mehran Aram on Tue, Sep 16, 2014 @ 17:09 PM

According to the National Association of Realtors, nationwide the Housing Affordability index fell in July thanks to the continued rise in home values which are outpacing incomes. But price gains are slowing. Median household income rose only slightly in 2013 for the first time since the recession. Conforming no point 30 year fixed mortgage rates average 4 1/4% with 15 year rates closer to 3 3/8ths.

And now for something completely different: Did you know that the world famous Hollywood sign was first erected in 1923? But at the time the sign read “Hollywoodland.”

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: Reverse Mortgage, 30 year fixed rates, Housing Affordability index, Hollywood Sign, price gains, National Association of Realtors, Hollywood, home values, household income

ARAMCO Report - Wednesday July 16, 2014

Posted by Mehran Aram on Wed, Jul 16, 2014 @ 17:07 PM

More good news on housing as a gauge of home builder’s confidence hit the highest level in 1/2 a year. They are now more optimistic about present sales as well as future home sales. But the better than expected housing data and a modest rise in wholesale inflation had little impact on interest rates. Conforming no point 30 year fixed mortgage rates still average 4 1/8th with 15 year rates closer to 3 1/8th.

And now for something completely different: Did you know that Bugs Bunny was the 2nd cartoon character to receive a star on the Hollywood Walk of Fame? Yes, the first one was Mickey Mouse!

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 sales, Reverse Mortgage, Aramco Report, and now for something completely different, home purchase, Housing Market, Bugs Bunny, Mickey Mouse, 30 year fixed rates, ARAMCO, Hollywood, Walk of Fame, refinance