Dating, Shrinking Dollars, & Stable Rates
Dating Quote of the Day: “Dating is where you pretend you’re someone you’re not to impress someone you don’t know.” – Melanie White
This Week in Economic History: It was on August 7th, 1928 the dollar shrank. Literally. The new notes issued by the Treasury were one-third the size of their predecessor. A year later the Treasury shrank the dollar by another 25%. (*interesting note: the last few years my savings account has also been shrinking…)
Wuss’up This Week: Every day reports about our economy are released into the wild where they can sway interest rates in either direction. This week it’s all about jobs (employment, not Steve). Today we’ve got the ADP Employment Report, tomorrow Jobless Claims, and Friday’s biggie the Employment Numbers for July. If this report comes in better than expected rates will trend up, and vice-versa if the numbers disappoint.
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 equity in the home, type of home, your credit score, and if you’re an animal photo bomber.
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 nice waitresses that can use this gift.
Dating Quote of the Day 2: “So Stub Hub isn’t a dating site for quadriplegics?” – @thenamesmikeG
Timeout for Trivia: Congrats to those who last week guessed Sandra Bullock. Want to be entered into a drawing to win a Bacon Scented Candle? Simply email me the answer to this week’s Who Am I? question. Good luck: “Tomorrow is my birthday and yes – I am still living! (*hey, that would be a good name for my magazine or TV show…) Speaking of TV you’ve seen me on Ugly Betty (where I showed my friend how to prepare a turkey), Oprah, The Simpsons, 2 Broke Girls, Law & Order SVU, and also in the movie Men in Black 2. You know where you didn’t see me? In jail! No media allowed where I was which was fine by me. I’d rather talk to you about the supermarket instead of the stock market.”