Babies, Condoms, and Get Fixed Rates
Baby Quote of the Day: “Babies are such a nice way to start people.” – Don Herrold
Hey Mortgage Fans, be the first on your block to download my app to your phone.
I can’t make fun of this guy because at least he had a date to the prom.
Wuss’up This Week: Every day reports are released about the economy that can sway interest rates in either direction. Today we’ve got the FOMC Minutes being released, tomorrow Jobless Claims, and on Friday we have the Existing Home Sales report.
Interest rates are still beautiful, Mortgage Fans! Today’s 30yr fixed is in the mid-to-upper 3s, with ARM rates about a half a point lower. Now is a good time to change that ARM to a fixed rate if you plan on being in your home for a while. Or… if you think you are selling in the next 3-5 years it’s also smart to switch to an ARM to save some bucks! As usual rates will vary based on credit score, type of home, equity in the home, and if you habitually waste money.
Don’t forget to remember: Any purchase or refinance loan over $240k I will waive all lender fees – a $1,050 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or people attempting the condom challenge that can use this gift.
Happy birthday, Jordache!
Baby Quote of the Day 2: “I would pay so much money to watch the Harlem Globetrotters change a baby.”
Timeout for Trivia: Congrats to those who last week guessed Meatloaf. Want to be entered into a drawing to win Planet Lollypops? Simply email me the answer to this week’s Who Am I? question. Good luck: “I turn 46 today – which is not old – but some people say I did my best work at 30. Am I a politician? No, but people tell me I look like one. For now I’ll stick with the entertainment industry. An anagram for my best friend’s name is ‘My Pale Hero’ and together we’ve made some very funny stuff.”