Human Race Quote of the Day:“The human race has one really effective weapon, and that is laughter.” – Mark Twain
Wuss’up this week: Rates are doing their annual mini-rollercoaster dance as lately they go up, they go down, they go up, they go… not sure where they are headed this week. Three big economic reports are released this week that can sway interest rates in either direction. Today at 1:00 we have the Fed’s Beige Book report which details current economic conditions across the country. Signs of weakness will lead to lower rates (for signs of weakness see: my wallet – my 11 year-old daughter informed me she likes going to the mall with her friends). Tomorrow we have weekly jobless claims (expected number 347k) and Leading Economic Indicators, which is an indication of future economic activities (see: 11 year-old girls and malls).
Every other week I like to throw some rates or interesting housing facts into this blog. While technically this is a house, it’s not exactly the house you would buy. Still…here are some interesting facts about the Waffle House.
Interest Rates for 30-year fixed are still in the mid-3s with ARM rates about a point lower. As usual, for any loan over $240k I will waive all lender fees – this is a $995 savings. Be sure to tell your friends, family, coworkers, and Facebook friends who you have no clue who they are.
These homes are for sale if you have a spare million(s).
Human Race Quote of the Day 2:“I’m surprised the human race doesn’t solve more conflicts with warm bread.” – Josh Hara (@yoyoha)
Timeout for Trivia: Timeout for Trivia: Congrats to those who last week guessed Ed O’Neill. Want to be entered into a drawing to win a “What Would Kool-Aid Man Do?” t-shirt? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “On Monday I turned 31. I wrote my first screenplay at 13, refined it over the years (the first draft was ‘bad’), and got it released in 2007 where it grossed $170 million. I followed that up starring in another 2007 movie about unplanned pregnancy that grossed $219 million. And FYI – I’m not leaving Hollywood to move to Colorado because weed is legal there.”