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The ARAMCO Report
By Mehran AramBusiness
The ARAMCO Report episodes
- Lenders Expecting Biggest Wave of Mortgage Delinquencies EverThe effects of Covid-19 has brought the U.S. economy to a near halt. Mortgage lenders are anticipating the largest delinquency of mortgage payments in the coming months.2 min
- California Governor Offers Homeowners ReliefThe Governor of California, Gavin Newsom, has enacted policy to mortgage lender to allow a 90-day forbearance on mortgage payments, however, no word yet on payments of property taxes which are due on April 10.2 min
- Mortgage Rates Continue Unpredictability, Tick Up Once AgainYet again mortgage rates can not seem to find stable footing as both the 30-year and 15-year rates jumped again.2 min
- Most Mortgage Lenders and Banks Offering Forbearance on Mortgage PaymentsQuite a few mortgage lenders and banks are helping homeowners alleviate the burden of mortgage payments for up to 90 days by offering them a forbearance. Meanwhile mortgage rates continue their roller-coaster ride with both the 30-year and 15-year increasing slightly.2 min
- Mortgage Applications See Significant DipPurchase and refinance applications fell last week due in part to an uptick in mortgage rates.2 min
- The ARAMCO Report - Mar 27, 2020The stock market fell sharply on Friday while the bond market rallied seeing both the 30-year and 15-year fixed rates in the low 3s.2 min
- Unemployment Claims Set New RecordJobless claims hit a new record for the week ended March 21 and surpassed the previous record by 4 times the amount and twice the amount projected by economists. Meanwhile the stock market surged thanks in part to the stimulus package passed by the senate.2 min
- Housing Prices Still Growing...But for How Long?Home prices continued their upward trend year over year but economists are anticipating a substantial drop-off for future reports as the Coronavirus will begin to show its effects on the housing market.2 min
- California Home Sales Spike in FebruaryCalifornia home sales had a robust February however fears of the ongoing covid-19 virus are expected to temper home sales in the coming months. Meanwhile the bond market continues its roller coaster ride as mortgage rates dipped slightly on Monday.2 min
- The Dow Jones Industrial Average Sees Best Day in 87 YearsThe Dow Jones surged 11% on Tuesday on news that the Trump Administration was close to signing a stimulus package aimed at helping the economy navigate through the Coronavirus pandemic.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.