Popcorn, The Ocean, and Current Rates
Popcorn Quote of the Day: “Love is sharing your popcorn.” – Charles M. Schulz
This Week in Economic History: It was this week back in 1935 that President Roosevelt’s New Deal agenda took a blow as the Supreme Court found the National Industry Recovery Act to be unconstitutional. Undeterred, Roosevelt soon launched another round of legislation which he penned The Second New Deal. (*this is similar to the same strategy I used when I had my Second Annual 40th birthday party).
Wuss’up This Week: Every day reports about the economy are released into the wild that can sway interest rates in either direction. Today we’ve got Existing Home Sales (expected 5.53M-5.8M), tomorrow Jobless Claims, and on Friday the Durable Goods Orders report.
Interest Rates remain in the high-3s/low-4s for a 30-year fixed, with ARM rates about a half a point lower. As usual rates will vary based on type of home, equity in the home, your credit score, and if you’ve ever wondered how deep the ocean really is …
Don’t Forget to Remember: Any loan over $240k I will waive half your lender fees – an $895 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or people that like strange movie facts that can use this gift.
Popcorn Quote of the Day 2: “I hope popcorn appreciates what the microwave did for its career.” – @JimGaffigan
Timeout for Trivia: Congrats to those who guessed Bill Paxton last week. Want to be entered into a drawing to win Cactus Dryer Balls? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this day in 2009 I was sued for unpaid royalties by my former drummer (who is not related to Lady or a short actor). Whatever, I’ve been around, I’ve made lots of easy money, and you can see and hear me in the famous We Are the World (great article on that song here). That song was a collaboration, but usually most of the songs I write myself – including a song released in ’89 that some schools played in history classes!”