Bad Rates, Bad Music Videos, Good Twinkies!
With Thanksgiving right around the corner we should all now give thanks that we won’t see any political commercials for a while! Okay, onto the blog…
Negotiation Quote of the Day: “If you’re planning on doing business with someone again, don’t be too tough in the negotiations. If you’re going to skin a cat, don’t keep it as a house cat.” – Author Unknown
Today in Economic History: It was on this day back in 1918 Wall Street traders joyful of the news that a treaty had been signed ending World War I closed the New York Stock Exchange early. It was found out later that no treaty had been signed and they had closed down the stock market on a rumor. It took another week for the armistice to be signed, which drew and end to the war. Hey, speaking of rumors it’s time for bad 80s music videos .
Wuss’up This Week: Every day reports about our economy are released into the wild, and it’s these reports that can sway interest rates in either direction. Today we’ve got a 30-year Treasury Bond Auction (these make great holiday gifts) – a strong demand will lead to lower rates. Tomorrow we’ve got Weekly Jobless Claims (expected: 215k), and also today the Fed Meeting adjourns. While no one expects the Fed to raise rates this time around, it’s what they say afterwards that can push rates up or down.
Interest rates have mellowed somewhat after an increase brought 30-year fixed rates around 5.0% (with adjustable rate mortgages around .25-.50 less). As usual rates will vary based on type of home, equity in the home, your credit score, and if you’ve been effected by Daylight Saving Time .
Don’t Forget to Remember: Any purchase or refinance loan that closes with me between now and Christmas I will waive $500 of lender fees. Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or people wanting to know interesting Monopoly facts that can use this gift.
Negotiation Quote of the Day 2: “Every time your kid starts crying when they don’t get what they want just say, “I don’t negotiate with terrorists.”” – @the_moonface
Timeout for Trivia: Congrats to those who guessed Barbra “I’m overrated” Streisand. Want to be entered into a drawing to win an I Love Twinkies T-shirt? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was this month back in ’93 my crossdressing movie opened up and went on to gross more than $200-million. In real life I was not a transvestite or some creature from outer-space, just an actor who liked to make people laugh. That’s not to say I didn’t make my share of serious movies. In 2002 I played a psycho obsessed with a middle-class family after looking at their pics (*this movie wouldn’t be made today with the invention of smart phones). Five years before that I won an Oscar as a smart guy who straightened out a kid smarter than me.”