Flipping Coins, Candy Corn, and Stable Rates
Disappointment Quote of the Day: “We must accept finite disappointment, but never lose infinite hope.” – Martin Luther King, Jr.
Did’ja Know: If you toss a penny 10,000 times it will land heads approximately 49% of the time. This is because the heads picture weighs more so it ends up on the bottom. Further proof of the Einstein Theory “Tails never fails.” (*a guy I met at Einstein Bagel told me that).
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, tomorrow Jobless Claims, and on Friday the Consumer Sentiment report. If these come in good for the economy you’ll see rates trend up, and vice-versa if the numbers fall short of expectations.
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 credit score, type of home, equity in the home, and if your home has actual dinosaur footprints.
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 curious how candy corn is made that can use this gift.
Disappointment Quote of the Day 2: “The treadmill is the only product we have that the Jetsons’ had, I’m very disappointed at how far behind we are.” – @JennyJohnsonHi5
Timeout for Trivia: Congrats to those who last week guessed Dave Grohl. (*BTW – how cool is Dave Grohl? Here’s one example – he lets fans play drums at his concerts. Want to be entered into a drawing to win a You’ve Been Poisoned Coffee Mug? Simply email me the answer to this week’s Who Am I? question. Good luck: “In three days it’s my birthday, and as I get older sometimes I think, Am I still pretty? People think so. You might remember me from my movie in 1991 where I faked drowning in water, my 2000 movie about drinking water, and my 2001 & 2004 movies that you would think from the titles were about big bodies of water.”