Cotton Candy, Polar Bears, Rates, and the last blog of 2019!

Religion Quote of the Day: “I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend.” – Thomas Jefferson (*FYI – this quote actually ended with ‘unless they are Packer fans’)

Hey Mortgage Fans, just a note to let you know next week’s blog falls on Christmas and the week after that on New Year’s Day. So…. Barry’s Blog will see you again on January 8th, 2020 (*the roaring 20s again! Here’s a little history lesson for those who want to know what life was like 100 years ago.) And before the roaring 20s start again I just want to wish everyone a happy, healthy, wealthy holiday season and 2020!! Thank you all for your continued support – I appreciate the referrals more than you know and treasure the friendships I have made with you all over the years. You are ALL beautiful, and if you’re on this blog I am thankful for having had the opportunity to work with and get to know you!

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 reports coming out that have zero impact but tomorrow we have Jobless Claims (expected: 226k, previous 252k) and Existing Home Sales, and on Friday the U. of Michigan Consumer Sentiment Report which is a survey of how willing people are to spend money now. (*I’m not willing after my last credit card statement)

Interest rates remain in the upper-3s/very low-4s for a 30-year fixed loan, and adjustable rate mortgages are only slightly less. The good news is that conforming loan limits were raised to $510,400 last week. Why is this good news, you ask? Because anything over that number becomes a jumbo loan and those loans aren’t as flexible as the conforming loans (meaning: conforming loans you can do a much smaller down payment, jumbo loans – most of the time – require 15%-20% down). As usual rates will vary based on type of home, equity in the home, your credit score, and if you can spot the dog hiding amongst these polar bears.

Don’t Forget to Remember: Any purchase or refinance loan that closes with me between now and Valentine’s Day will receive a $550 credit towards closing costs! Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or fans of Wham’s Last Christmas song who can use this gift.

Religion Quote of the Day 2: “We weren’t very religious. On Hanukkah, my mother had our menorah on a dimmer.” – Richard Lewis

Timeout for Trivia: Congrats to those who last week guessed Will Smith. Want to be entered into a drawing to win a jar of Cotton Candy BallsSimply email me the answer to this week’s Who Am I? question. Good luck: “It’s my birthday today – the age when I should have a midlife crisis, right? Guess what, I already had it being married to my ex-husband! I should’ve known that from the start but I’m no detective even though my last name may make you think of one. Well, at least I got a beautiful child out of it – just don’t confuse her name with an Apple ‘employee’. A little more about me – I was born and raised in Capeside, Massachusetts and…. actually, scratch that – I get mixed up with my teen drama that ran from 1998-2003.”

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