Rates, Gates, and Speeding
Alive Quote of the Day: “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard.
Did’ja Know: If Bill Gates never made any more money, and he spent $1 million dollars a day – it would take him 218 years to spend his savings. (*side note: I met with my financial advisor last week, she told me at the pace I am at it will also take me 218 years to save enough for my kids’ college fund).
Wuss’up This Week: Everyday economic reports are released that can sway interest rates in either direction. Today we’ve got Retail Sales and tomorrow Jobless Claims. On Friday there are no major reports so it will be a good day to sit back, relax, and listen to the song I was listening to when I got my first speeding ticket back in 1989.
Interest rates remain sort of flat from the last week. A 30-year fixed remains in the high-3s/ low 4-s, 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 can set the world record for the lowest limbo
Don’t Forget to Remember: Any purchase or refinance loan over $240k I will waive the appraisal and credit fee – a $500 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or domino enthusiasts who can use this gift.
Alive Quote of the Day 2: “An old guy at the gym told me I looked like his late wife. I’m hoping he meant while she was alive.” – @AbbyHasIssues
Timeout for Trivia: Congrats to those who guessed Helen Hunt last week. Want to be entered into a drawing to win a Taco Truck Holder Plate? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was way back on this date in 1981 that my song about working was # 1 on the Billboard Chart. Even though mainstream music isn’t my gig I’ve still had two more # 1 hits – one with a gamblin’ man back in ’83, and the last one in ‘92 I didn’t even sing! I also make a good number of movies but you won’t find me hanging out in Hollywood (although, hmmm – maybe a place that sounds like that).”