Resolutions, Rates, and Robocalls

Welcome to the first blog of 2019, and Happy New Year, Mortgage Fans! I predict this will be the best year of your life – so sit back, relax, and let’s get to it:

New Year’s Resolution Quote of the Day: “May all your troubles last as long as your New Year’s resolutions!” – Joey Adams

This Week in Economic History: It was on January 11th, 1757 that Alexander Hamilton – patriot, author, and first Secretary of the Treasury was born. Yep, the same dude that inspired a play you may want to know 20 facts about.

Wuss’up This Week: Every day reports about our economy are released into the wild, and it’s these reports that can sway interest rates in either direction. Today we’ve got a 10-Year Note Auction as well as  the Fed  Meeting Minutes being released, tomorrow Weekly Jobless Claims (expected:212k), and on Friday the Consumer Price Index (this measures inflation at the consumer level). If these reports come in good for the economy you can expect rates to trickle up, and vice-versa if the news comes in weaker than expected. Where are rates to start the year? 

Rates are pretty good, Mortgage Fans! And they are also all over the place. A 30-year fixed remains anywhere from 4.125 – 4.75% with adjustable rates about a .25-.50 lower. As usual rates will vary based on your credit score, type of home, equity in the home, and if you’re buying a home that comes with a really expensive car.

Don’t Forget to Remember: Any purchase or refinance loans that close with me between now and the end of March I will eat the appraisal fee! Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or people that no longer want to receive robocalls that can use this gift! (*note: that link will stop the legal robocalls, not the illegal ones.)

New Year’s Resolution Quote of the Day 2:  “My New Year’s resolution is to be more assertive if that’s okay with you guys?” – @megankcomedy

Timeout for Trivia: Congrats to those who guessed Brad Pitt from the last blog. Want to be entered into a drawing to win 3-D Mario Fridge Magnets? Simply email me the answer to this week’s Who Am I? question. Good luck: “It’s my birthday today but it would be near impossible to get the band back together to sing to me. We’re not fans of each other and one band-mate died from choking on his own vomit (hopefully it was an easy trip to the pearly gates. It would’ve been a shame if he had to walk his way up). My band’s name is two words and in the first word I took out the letter ‘A’ because I didn’t want fans pronouncing it wrong. Sixteen years before forming that band – when I was just eight years old – my family moved to a new house where the sellers had left behind a guitar and that’s how I got into music. Maybe my last name would be better if I was famous for writing books, but I guess being one of the world’s greatest musicians is pretty cool too.”

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