Fathers, Founding Fathers, and Rates

Father Quote of the Day: “My father gave me the greatest gift anyone could give another person, he believed in me.” – Jim Valvano

This Week in Economic History: It’s all about the Treasury today, Mortgage Fans. It was on January 11th, 1757  that patriot and first Secretary of the Treasury -Alexander Hamilton – was born. And I think there’s a play or something about him as well. Also, on January 9th, 1985 President Reagan announced the Secretary of the Treasury and the Chief of Staff will swap jobs. Had this happened 20 years later it would’ve made a great realty show.

Wuss’up This Week: Every day reports about our economy are released into the wild that can sway interest rates in either direction. Not much happening today but tomorrow we’ve got Jobless Claims, and on Friday Retail Sales. Reports that show strong numbers for the economy  will most likely push rates up, and vice-versa if the numbers disappoint.

Interest rates still remain stable with a 30-year fixed remaining in the high-3s (barely) to 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’ve been curious about the history of some crazy 900-numbers.

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 along to any friends, family, coworkers, or people that like to know 60 random facts that can use this gift.

Father Quote of the Day 2: “Had Maury Povich been in Star Wars we would’ve known who the father was a lot sooner.” – @DanaRoshnie

Timeout for Trivia: Congrats to those of you who guessed Mel Gibson last week. Want to be entered into a drawing to win a Heat Activated Walking Zombie Mug? Simply email me the answer to this week’s Who Am I? question. Good luck: “Today is my birthday and I am old. Remember the British Invasion – I was a part of that. I was also part of a musical group called Shotgun Express which had two members who – despite my protests – left the band to form Fleetwood Mac. In my defense I didn’t think it would take that much persuading when I asked them to stay with me. Whatever, I didn’t need a band – had plenty of Top 40 hits by myself including one about an older woman I lost my virginity to. An anagram for the title of that song (her name) is: A gym Image.”

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