Remember to Hydrate
Water Quote of the Day: “My fake plants died because I did not pretend to water them.” – Mitch Hedberg
A Token of My Appreciation: If you’ve had a good experience working with me, write a positive review on Zillow and then email me to let me know you did. I’ll send you a $25 gift card!
I always love a good story behind a bad album cover.
Did’ja Know…? Last week New Jersey ranked #1 with the highest share of loans in foreclosure at 8.12%, surpassing Florida (8.09%). Don’t feel bad, Florida, you still lead the nation in bizarre crimes.
You know who loves a short week besides kids in school? I do! However, that means a lot of economic reports are squeezed into the shortened week including today’s 5-year Treasury Note Auction, tomorrow’s Weekly Jobless Claims (321k expected), tomorrow’s 7-year Treasury Note Auction, and Friday’s PCE Core Inflation Report (expected up 0.1%). Any weakness in any of these will lead to better interest rates!
And rates are still beautiful, Mortgage Fans. 30-year fixed rates remain in the low 4s with ARM rates about a point lower. As usual, rates vary based on type of home, equity in the home, credit score, and if you like Einstein on your toast.
Don’t forget to remember that for any purchase or refinance loan over $240k I will waive all lender fees – a $995 saving! Be a hero to someone today and pass this blog onto anyone you think can use this break.
Water Quote of the Day 2: “I’d love to show a fountain to someone from the 3rd world: ‘This is our water showing off contraption. We also throw our extra money into it.’” – Mike Ginn (@shutupmikeginn)
Timeout for Trivia: Congrats to those who guessed Drew Carey last week. Want to be entered into a drawing to win a confetti high-five controller? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Two days ago I turned 50, which is cool because everything about me is cool – even my love of sitcoms. Did you know my real mom was part of a cast that was moving on up, or that I was married to one of the Cosby kids? You know what else rules? My love of music.”
You’ll find more cool links at the Hey Mortgage Fans Facebook page! Just click Like, and see what else I’m posting during the week!