Friends, Rates, and Frozen Foods.
Friend Quote of the Day: “You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.” – Dale Carnegie
This Week in Economic History: It was on March 8th, 1985 the IRS reported that the number of millionaires in the US had doubled from 1980 as a result of Reagan’s fiscal policy. (*this just in: I am not a millionaire.)
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. This week it’s all about jobs as today we’ve got the ADP Employment report, tomorrow Weekly Jobless Claims (expected:225k), and Friday’s biggie the Employment Numbers from February (expected: 174k new jobs and the unemployment rate down to 3.9%). If these numbers come in better than expected you’ll see interest rates tick up, and vice-versa if the numbers disappoint.
Interest rates remain low with a jumbo 30-yr fixed (*that’s any loan over $484k) in the low-4s, and conforming 30yr fixed (*any loan under $484k) in the mid-to-upper 4s. Adjustable rate mortgages can be found anywhere from .25-.50% less than the 30yr fixed. As usual, rates will vary based on types of home, equity in the home, your credit score, and if you thought the rush hour was more dangerous in 1906.
Don’t Forget to Remember: Any purchase or refinance loan closing with me between now and April 30th I will waive the appraisal fee (a $450 savings)! Grab yourself a cup of instant karma and pass this blog onto any friends, family, coworkers, or people that want to know facts about frozen food that can use this gift.
Friend Quote of the Day 2: “How does JK Rowling text her friends that she’s just kidding :(.” – @sammyrhodes
Timeout for Trivia: Congrats to those who last week guessed Hilary Swank. Want to be entered into a drawing to win a Hall & Oates Retro 80s T-Shirt? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this date in 1994 and 1998 that I had songs ranked # 1 on the US Billboard Chart. My career really hit the mainstream when I teamed-up with Peabo Bryson on the title track for a 1991 Disney movie. Do you remember my hit singles Pour que tu m’aimes encore or Je sais pas? Probably not unless you’re from my country. The writer of this blog is not a fan of mine and always hoped my career would sink but in 1997 I had a gigantic hit (hey, that word sort of rhymes with where it originated from) that went to number one in most countries.”
Rest in peace, Luke.