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The ARAMCO Report
By Mehran AramBusiness
The ARAMCO Report episodes
- Existing Home Sales Reach Highest Monthly Pace in 13 YearsSales of previously owned homes had a solid month in February reaching a sales pace not seen since 2007. However the coronavirus threat is expected to cool the pace of sales in the coming months. Meanwhile mortgage rates had a big drop on Friday.2 min
- Mortgage Rates Skyrocket!Mortgage rates saw a massive jump over the last few days thanks in part to the Trump administration's costly stimulus plan and mortgage default risk among other issues.2 min
- Volatility Continues in the Financial MarketsThe financial markets are seeing unusual large daily moves as investors try to hedge against panic over the spread of the Coronavirus.2 min
- Fed Cuts Rates...On A SundayFed cuts rates in an attempt to quell Coronavirus fears with the DOW falling approximately 3,000 points. Mortgage-backed securities reacted favorably to the news.2 min
- Volatile Financial Markets Cause Uptick in Mortgage RatesMortgage rates saw another jump following the continued inconsistent behavior of the financial markets. Stocks did rally a bit follow the Trump Administration's plan to combat the spread of the Coronavirus.2 min
- Worst Stocks Selloff Since the 1987 CrashEurope travel ban and the ever-growing concern over the Coronavirus led to a massive selloff in the stock market2 min
- Mortgage Rates Tick Up SlightlyStock and Bond markets both moving lower as the 10-year Treasury wrapped up its biggest two-session climb since January 2009.2 min
- The Dow's Drop, Sluggish Oil Prices and the Coronavirus all Lead to a Bond Market RallyA massive sell-off in the Dow Jones coupled with conflicts over oil pricing plus the ongoing Coronavirus fear all favored the bond market with mortgage rates reaching another all-time low.2 min
- DOW Rebound and Trump Stimulus Talk Bump Mortgage Rates Up SlightlyVolatility in the financial markets along with the Trump Administration discussing a stimulus plan caused a sell-off in the bond market ultimately causing mortgage rates to tick up a bit.2 min
- February's Jobs Report Crushes ExpectationsFebruary's employment report far exceeded market expectations of 177,000 and the unemployment rate dipped to 3.5%. Stocks and bond yields were pushed lower due to the ongoing fear of the Coronavirus spreading.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.