Rates? They’re Gr-r-reat!
Tiger Quote of the Day: “A tiger never loses sleep over the opinion of sheep.” -Ziad K. Abdelnour
Here’s a list of extreme places you probably wouldn’t want to build a home near.
Wuss’up This Week: Economic reports are released daily that can sway interest rates in either direction. Today we have Existing Home Sales (consensus: 5.268M), tomorrow Jobless Claims (consensus: 265k), and on Friday the PMI Manufacturing Index Flash (yep, no clue what that is either!)
Interest rates remain so, so beautiful, Mortgage Fans. A 30yr fixed remains in the mid-to-upper-3s, and ARM rates are about .50% lower. As usual rates will vary based on type of home, equity in the home, credit score, and if you like to carry a cool umbrella.
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 gift onto any friends, family, coworkers, or people mystified by online card tricks.
Tiger Quote of the Day 2: “I feel like Frosted Flakes gives kids an unreasonable expectation of how friendly tigers are when you try to feed them a bowl of cereal.” – @robfee
Timeout for Trivia: Congrats to those who guessed Ricky Schroder last week. Want to be entered into a drawing to win a solar-powered Waving Queen? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this date in 2001 my movie was leading the box office on its way to grossing more than $100M. Was it a prelude to Arachnophobia? No, but it was a sequel to a James Patterson book. Some other facts about me: My career began on the cast of a children’s TV show, I’m black not red, in 2005 I was in Batman Begins – and speaking of Batman… the award winning documentary I narrated the same year was not about Danny DeVito.”