Highrises, Rates Rising & One Sneaky Cat
Hate Quote of the Day: “Hating people is like burning down your own house to get rid of a rat.” – Henry Emerson Fosdick
Here’s a handful of really cool skyscrapers going up around the world this year.
…You know what else is going up? Rates! Here’s a fantastic look at what happens when the Fed raises rates.
This Week in Economic History: It was on this date back in 1916 that the Supreme Court gave its blessing declaring the 16th Amendment constitutional. The amendment? Income tax!
Wuss’up This Week: Every day reports are released about the economy that can sway interest rates in either direction. Today we have the Consumer Price Index and Housing Starts, tomorrow Jobless Claims (expected: 275k), and on Friday Existing Home Sales. And where are rates now?
Rates are still beautiful, Mortgage Fans. A 30yr fixed rate remains in the high-3s/low-4s with ARM rates around .50% less. As usual rates will vary on credit score, type of home, equity in the home, and how weird your home is.
Don’t forget to remember: For any purchase or refinance loan over $240k I will waive all lender fees – a savings of $1,050! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or sneak attack cats that can use this gift.
Hate Quote of the day 2: “I’d hate to be Rock and have to come home and explain to my kids how I got beat by Paper.” – @Jerry Thomas
Timeout for Trivia: Congrats to those who guessed Patrick Dempsey last week. Want to be entered into a drawing to win a Bigfoot Action Figure? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this date in 2003 that my movie toppled The Lord of the Rings: The Two Towers from its four-week hold a top the box office. The title of the movie did not refer to a mini-marathon, and my name does not refer to a popular candy. Rolling Stone ranked me 83rd on its list of 100 Greatest Artists of All Time, which is pretty impressive for a man of my color.”