Arguing About Dreaming Dogs, Mortgage Rates, and Cheaters
Arguing Quote of the Day: “Never argue with a fool, onlookers may not be able to tell the difference.” – Mark Twain
Did’ja Know: The average new American home was 1,535 square feet in 1975 and 2,170 square feet in 2010. (*note: I don’t know how this useless fact can help you in life unless you’re on a game show and they ask this question. Hey, speaking of game shows here are some of the worst game show cheaters of all-time)
Wuss’up This Week: Every day reports about our economy are released into the wild, and these reports can sway interest rates in either direction. Today we’ve got Existing Home Sales, tomorrow Jobless Claims, and on Friday New Home Sales (590k expected). Any reports that are good for the economy can drive rates up, and vice-versa for reports that fall short of expectations.
Interest rates have settled – for now – into the high-3s/low-4s for a 30-year fixed, 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 wonder what dogs dream about.
Don’t Forget to Remember: Any purchase or refinance loan over $240k I will waive HALF of your lender fees – an $895 savings! Grab yourself a cup of instant karma and pass this info along to any friends, family, coworkers, and annoying animals that can use this gift.
Arguing Quote of the Day 2: “Arguing with autocorrect is the new yelling at the television.” – @Paxochka
Timeout for Trivia: Congrats to those who guessed John Travolta last week. Want to be entered into a drawing to win Abraham Lincoln Bandages? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was this week in 2007 that my movie was number # 1 at the box office (*fun fact – this was the fourth installment in the film series. The original had a title that could also be the title of a porn movie). My ex-wife starred in a movie where a ghost from heaven tried to help save her, and I starred in a movie where I was a ghost and saved by someone still living.”