Candy, Magic, and Rates
Candy Quote of the Day: “Anyone who uses the phrase ‘easy as taking candy from a baby’ has never tried taking candy from a baby.” – Author Unknown.
This Day in Economic History: It was on this date in 1995 that the Treasury Department – out of pure boredom – unveiled a new version of the $100 bill, complete with an off-center, but enlarged pic of Ben Franklin. Over the years There have been pictures of George Washington, Abraham Lincoln, James Monroe, and Oprah on the bill. (*okay, yes – I made up that last one, but it will happen eventually).
Wuss’up This Week: Every day reports about our economy are released into the wild that can sway interest rates in either direction. Today we’ve got Durable Goods Orders and Pending Home Sales, tomorrow Jobless Claims, and Consumer Sentiment on Friday. If these reports are good for the economy rates will trend up, and vice-versa if they come in worse than expected. (*like every report card in the history of my schooling)
Interest rates remain in 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 your credit score, type of home, equity in the home, and if your home contains a magical porta potty.
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, or people intrigued by famous last words that can use this gift.
Candy Quote of the Day 2: “I’m too embarrassed to tell you how many times I’ve mistaken insulation for cotton candy.” – @JordyHamrick
Timeout for Trivia: Congrats to those who guessed Milli Vanilli last week. Want to be entered into a drawing to win a Milli Vanilli T-shirt? Simply email me the answer to this week’s Who Am I? question. Good luck: “It’s my birthday today and my famous musician husband used to sing me Happy Birthday when we were married. We divorced last year – hard to fix a broken marriage, or me – although I did inspire some songs. In ’91 I starred in a Spielberg directed movie with an actor who (in the movie) lost his hand. Four years later I was in a movie where I lost my head! Some people say I lost it earlier when I called off my engagement to the guy that starred in that movie with me.”