Rates Up, Laying Down, & Being Naked
Naked Quote of the Day: “Only when the tide goes out do you discover who’s been swimming naked.” – Warren Buffett
Here’s some great Simpsons signs from over the years.
Wuss’up This Week: This week is the Super Bowl of economic information. Today Fed Chief Janet Yellen will most likely raise rates for the first time in years. Don’t look for her to conclude that announcement by saying, “Happy Holidays, everyone!”. Also this week we’ve got three reports on Employment with the biggest report coming on Friday. Look for rates to trickle up, Mortgage Fans.
For now rates are in the high-3s/low-4s for a 30-year fixed, with ARM rates about .50-.75% lower. As usual rates will vary based on type of home, equity in the home, credit score, and if you’re the greatest parallel parker in the world.
Don’t forget to remember: Any purchase or refinance loan over $240k I will waive all lender fees – a savings of $1,050! Grab yourself a cup of instant karma and pass this blog to any friends, family, coworkers, or anyone who appreciated great things in school.
Naked Quote of the Day 2: “I think I start my day angry because I’m forced to see myself naked.” – @thesulk
Timeout for Trivia: Congrats to those who guessed Cuba Gooding Jr last week. Want to be entered into a drawing to win a Star Wars Death Star Waffle Maker? Simply email me the answer to this week’s Who Am I? question. Good luck: “Yesterday I turned 45. I’ll make you laugh but you wouldn’t know it from my very small bit parts in There’s Something About Mary and School of Rock. You might remember me from a ’97 Seinfeld episode when Kramer complained that in bed I had “Jimmy legs,” which is funny because from 2002-2009 I slept in the comfort of Jimmy’s arms. But what I do best is the exact opposite of laying down.”