Observing Rates, Legos, Bacon, and Trick Shots

Observing Quote of the Day: “You can observe a lot by watching.” – Yogi Berra

Today in Economic History: It was on this date back in 1940 that a Vermont woman received the first ever Social Security check in the amount of $22.54. Coincidentally that was my tab at Starbucks this morning for hot chocolate and egg sandwich!

Did’ja Know: You’re not alone. Total outstanding credit card debt for Americans reached $1.023 trillion-dollars in November last year.  Feeling a little better now about not paying off my holiday spending tab yet!

Wuss’up This Week: Every day reports about our economy are released into the wild that can sway interest rates in either direction. This week it’s all about employment as today we’ve got the ADP Employment Report, tomorrow Jobless Claims, and Friday’s biggie the Employment Numbers for January. If numbers on this Friday report come in lower than expected rates may drift downward, and vice-versa if the report comes in with high numbers.

Interest Rates remain higher than what we saw in 2017. A 30-year fixed is in the low-4s with ARM rates a little bit lower. As usual rates will vary based on your credit score, type of home, equity in the home, and if you have a Lego replica of your home.

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 to any friends, family, coworkers, or trick-shot artists who can use this gift.

Observing Quote of the Day 2: “I wish there was an observation deck at WalMart.” – @Haleys_hell

Timeout for Trivia: Congrats to those who guessed Neil Diamond last week. Want to be entered into a drawing to win Bacon Flavored Toothpaste? Simply email me the answer to this week’s Who Am I? question. Good luck: “Hey, it’s my birthday today let’s have a party! If you’re having a party you might see me on TV next week. Or, if you had that same party in 2004 you also saw me, although uh… that one was a little more risqué. I’m a good looking guy and got married in 2012 to a wife who was sent here from TV heaven. Lucky for her (or me) I didn’t put her engagement ring in the same box you’re thinking of because that wouldn’t have gone over too well.”

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