Learning about Low Rates, and a Thank you to Veterans!
Learning Quote of the Day: “Learning is a treasure that will follow its owner everywhere.” – Author Unknown
My grandfather – the legendary Al Schwartz – lived to be 100 and never got a chance to see the Cubs win it all (he was 7 when they won in 1908 so that doesn’t count). I thought a lot about him during the playoffs and World Series. Here’s a great article about the love of the Cubs and the people in our lives that didn’t get to see them win it all
Hey Mortgage Fans, be the first on your block to download my app to your phone
This Day in Economic History: On November 9th, 1903 the Dow dropped to 42.15. The stocks of industrial companies dropped to single digits and a financial crisis ensued for the rest of the year. This drop was coined the “Rich Man’s Panic.” (*side note: I suffer from Poor Man’s Panic daily)
Wuss’up This Week: Reports about our economy are released daily that can sway interest rates in either direction. Today we’ve got a 10yr Note Auction, tomorrow Jobless Claims, and on Friday not much because it’s Veteran’s Day. To anyone who has served or serving now – we THANK YOU!!
Interest rates are still super low, Mortgage Fans. A 30-year fixed remains in the mid-3s, and ARM rates are about a half a point lower. As usual, rates will vary based on type of home, equity in the home, credit score, and what you think is the coolest thing about your state
Don’t forget to remember: Any purchase or refinance loan over $240k I will waive ALL lender fees – a $1,050 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or people that find this deal inconceivable
Learning Quote of the Day 2: “At the end of your life, you should get a rebate for however much time you spent learning cursive.” – @GuyEndoreKaiser
Timeout for Trivia: Congrats to those who guessed Rod Stewart last week. Want to be entered into a drawing to win a Unicorn Tape Dispenser? Just email me the answer to this week’s Who Am I? question. Good luck: “It was on this date way back in 1969 I made my television debut – my close friends and family who watched the show said I stunk. I don’t care, that’s probably a compliment. Who hangs around me on that show? There’s a guy that runs a store across the street from me whose last name makes him sound like a basketball fan. And then a couple guys upstairs who the writer of the pilot said had nothing to do with the two minor characters in a great Christmas movie.”