Nickels, Dancers, and the Dog Days of Rates
Dog Quote of the Day: “A dog is the only thing on earth that loves you more than you love yourself.” – Josh Billings
Today in Economic History: It was on this day back in 1886 that the nickel was born. Congress voted to discontinue the use of the half-dime as currency and in its place, the five-cent piece was introduced. Any guess on how much the most valuable nickel is?
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. Today we’ve got Housing Starts (expected number: 135k), and Capacity Utilization (this report measures inflation which is always bad for rates. Expected number: 77.5%. Anything over 85% is bad), and tomorrow Weekly Jobless Claims.
Interest rates continue their weekly dance up and down. Today you’ll find a 30yr fixed anywhere around 4.50-4.875% with adjustable rate mortgages about .25-.375% less. As usual, rates will vary based on type of home, equity in the home, your credit score, and if you think teens aren’t that bad after all.
Don’t Forget to Remember: Any purchase or refinance loan between now and July 31st I will waive $500 of lender fees. Grab yourself a cup of instant karma and pass my info onto any friends, family, coworkers, or worldly dancers who can use this gift.
Dog Quote of the Day 2: “I spend 3 minutes every day choosing a TV channel to leave on for my dog, then I go to work and people take me seriously as an adult.” – @DamienFahey
Timeout for Trivia: Congrats to those who guessed Billy Joel last week. Want to be entered into a drawing to win a No Ragrets Temporary Tattoo? Simply email me the answer to this week’s Who Am I? question. Good luck: “Today is my birthday and I should be happier but daddy barely left me any money when he died. And yeah, maybe I could’ve done a better job saving it with the acting gigs I’ve had. I made a bunch of appearances as a very young actress in a bunch of 70s and 80s shows. (also a guest role on Saved by the Bell) and then some movies too – Scream 2 and Scary Movie 2.You probably remember me the most from the 90s where I starred in a show that lasted a decade. One of my co-stars was a guy who has a last name Kermit sings about – and that guy married a fox!”