3 Things that go up: Elevators, Rates, and US Debt
Alive Quote of the Day: “Do not take life too seriously, you will never get out of it alive.” – Elbert Hubbard
This Week in Economic History: It was on this day in 1778 that The Committee on Finance of the Continental Congress presented the nation’s first budget. And since then… Here’s a fun US Debt Clock – check it out.
Wuss’up This Week: Every day reports about our economy are released into the wild, it’s these reports that can sway interest rates in either direction. Today we’ve got Existing Home Sales, tomorrow Jobless Claims, and not much on Friday so feel free to call in sick.
Interest rates are up a tick but still fairly stable. A 30-year fixed rate you’ll find in the high-3s/ low-4s, with ARM rates about a half a point lower. As usual rates will vary based on type of home, equity in the home, your credit score, and if you’ve ever won an elevator marathon.
Don’t Forget to Remember: Any purchase or refinance loan over $240k I will waive HALF the lender fees – an $895 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, and Alexander Graham Bell fans that can use this gift.
Alive Quote of the Day 2: “Do they really need to add ‘Alive’ to ‘Sexiest Man’ or am I grossly underestimating the number of necrophiliacs in the world?” – @jasonmustian
Timeout for Trivia: Congrats to those who guessed Vince Vaughn last week. Want to be entered into a drawing to win Teenage Mutant Ninja Turtles Pajamas? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this day in 1989 our song was number one on the US Billboard charts. Was it our song though? Some would disagree. We won the Grammy Award for Best New Artist but then uh… we sort of didn’t. You can blame our downfall on a lot of things but not the weather. There’s a story about how NSYNC got its name from Justin Timberlake’s mother commenting on how “in sync” the group’s singing voices were. Maybe she would’ve said the same thing about us.”