ARAMCO Report - The Mother of ALL Mortgage Blogs!

ARAMCO Report -Wednesday September 24, 2014

Posted by Mehran Aram on Wed, Sep 24, 2014 @ 17:09 PM

According to the U.S. Department of Commerce sales of new single family homes in August rose 18%, hitting the fastest pace since May of 2008. And the largest one month percentage rise since January of 1992. But existing home sales fell in August, the first drop in 5 months. And while household formation slowed significantly last year, 53% of American’s still expect home prices to rise over the next 12 months. 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 Cristiano Ronaldo’s father was such a big Ronald Reagan fan that he gave his son the second given name of "Ronaldo" after the 80s president?

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: home sales, Reverse Mortgage, Loans, Soccer, Ronald Reagan, 30 year fixed rates, Cristiano Ronaldo, single family homes, refinance, U.S. Department of Commerce

ARAMCO Report - Thursday June 12, 2014

Posted by Mehran Aram on Thu, Jun 12, 2014 @ 19:06 PM

While the number of Americans who filed for unemployment benefits rose slightly last week, according to the U.S. Department of Labor the economy still managed to add 217,000 jobs in May, marking the first four-month stretch of job creation above 200,000 since the late 1990s. Meanwhile, the bond market continues its sideways movement with 30-year fixed rates remaining at around 4.25% and 15-year rates averaging 3.25%.

And now for something completely different: This summer marks the 20th edition of the renowned World Cup, a tournament that has been played worldwide every four years since 1930 with the exception of 1942 and 1946 when it was cancelled due to World War II.

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, Aramco Report, and now for something completely different, Mehran Aram, unemployment, U.S. Department of Labor, unemployment benefits, World Cup, Soccer, bond market, 30 year fixed rates, Mortgage Market, adjustable-rate reverse mortgage, WWII, World War II, economic data