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The ARAMCO Report
By Mehran AramBusiness
The ARAMCO Report episodes
- The Current State of the Real Estate MarketARAMCO's President & CEO, Mehran Aram, discusses with Radio host Mark Carbonaro from Monterey's PowerTalk 1460 the current climate in the housing and commercial real estate industry and how it's being affected by the global pandemic.11 min
- Happy 4th of July!Happy Independence Day! You can listen to veteran Jerry Coleman reading the Declaration of Independence10 min
- Construction Workers Help Boost Housing Starts in MayHousing Starts were up in May nearly 5% thanks in part to construction workers returning to employment following the Covid-19 outbreak. Meanwhile mortgage applications had another strong weak buoyed by mortgage rates reaching a new all-time low.1 min
- Mortgage Rates Reach Another Record LowThe housing market is holding fairly well in spite of the setback of the pandemic with mortgage rates reach fresh record lows making it an ideal time to refinance and lower monthly mortgage payments.2 min
- Stock Market Rebounds After March LowsThe stock market has improved after taking a hit due to the pandemic back in March. Meanwhile, mortgage rates are still hovering near all-time lows.2 min
- Mortgage Rates Dip Below 3%Mortgage rates are at record lows once again with rates dipping below 3% making it an ideal time, for those able to qualify, to refinance or purchase a new home.2 min
- New Mortgage Forbearance Applications Slow to TrickleMortgage forbearance reach 9% of all active mortgages. However the good news is that new mortgage forbearance applications have slowed down substantially.2 min
- Homebuyers Entering the Market Once AgainNew home sales saw a slight uptick in April as some stay-at-home measures were lifted. New home sales are expected to continue to gradually increase into May as well.2 min
- Mortgage Rates Drop to All-Time LowMortgage rates hit fresh lows at the end of April according to Freddie Mac and may fall lower making it an ideal time to refinance.2 min
- Nearly 5 Million Mortgages in ForbearanceMortgage in forbearance have steadily increased since the outbreak of the pandemic and have now reached nearly 5 million. Meanwhile the global pandemic is causing trade tensions with China to resurface once again.2 min
About The ARAMCO Report
From the publisher's feed
The Aramco Group specializes in an array of mortgage and real estate products for San Diego homeowners. The Aramco Team is committed to providing our clients with the highest quality financial services and advice, and is motivated more than anything by complete customer satisfaction as evidenced by our A+ rating with the BBB.
Whether you are purchasing your dream home, refinancing your current loan, benefitting from a reverse mortgage, or consolidating debt, our professional staff will help you find a financial solution that is tailored specifically to meet your needs. Being a family owned and operated firm since Aramco’s establishment in the 90’s we ask you to trust your family’s finances to our family, at The Aramco Group.