Bikes, Rate Hikes, and Hoosiers
Bicycle Quote of the Day: “When I was a kid I used to pray every night for a new bicycle. Then I realized that the Lord doesn’t work that way so I stole one and asked Him to forgive me.” – Emo Philips
This Day in Economic History: It was on this day back in 1876 the stock ticker was unveiled. This was the original iPhone for stock brokers who would continuously be looking down at the stream of information the machine spit out. Eventually someone said, “It would be fun to throw this tape out the window at people in the street,” and that’s when the ticker-tape parade was invented.
I was ugly in high school. It was before my nose job which seemed to grow in tandem with my afro every single day. I looked like a Chia Pet on steroids (here’s seriously what I looked like). My parents told me I was beautiful on the inside which is what counted. I guess you can relate that to today’s interest rates. They are still really beautiful, just not beautiful. Since the election ended rates are up a half a point. The industry hasn’t seen an increase this high and this quickly for a decade.
Today you can find the 30-year fixed rates 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 do any of these this holiday season
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 any fans of the movie Hoosiers that can use this gift.
Bicycle Quote of the Day 2: “My husband says shaving his legs gives him an advantage when cycling, but I don’t get how the high heels and pantyhose help.” – @shariv67
Timeout for Trivia: Congrats to those who guessed Oscar the Grouch last week. Want to be entered into a drawing to win Edmond the Solar Pug? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this day in 1997 that my re-written, re-recorded song hit # 1. I originally wrote it in ’73 with the lyric, “Even when you died, the press still hounded you,” which I changed in the new version to, “Even though we try, the truth brings us to tears,” because the first line didn’t really seem appropriate. Regarding the subject of the original version – if I told you I had no desire to see under her pretty white dress you’d believe it!”
Happy Thanksgiving, Mortgage Fans! Yep, Barry’s Blog is taking off next week so let me be the first to say I hope you enjoy the holiday because we’ve got a lot to be thankful for (thank you, Cubbies for starters). And remember – every family out there is just as dysfunctional as yours.