Rising Rates, Smoking Candy, and Doctors

Doctor Quote of the Day: “Finish last in your league and they call you an idiot. Finish last in medical school and they call you a doctor.” – Abe Lemons, basketball coach.

Did’ja Know: There are over 60 communities throughout the United States that have their own form of local currency. Some of the more popular places are Ithaca New York, Berkshire Massachusetts and Walt Disney World. (*side note: Just a theory, but I think more people would use cash over ATM cards if Mickey Mouse were pictured instead of Presidents).

Wuss’up This Week: Every day reports about our economy are released that can sway interest rates in either direction. Today we’ve got Retail Sales, tomorrow Jobless Claims, and on Friday we’ve got Housing Starts. Oh, also there’s an organization called the Fed that’s going to raise interest rates today.

Rates are still slowly trickling up – a 30yr fixed remains in the low-4s with ARM rates about a half a point lower. As usual rates will vary based on type of home, equity in the home, credit score, and if you’ve been hit in the face with a water-filled soccer ball in slow-motion 

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 info onto any friends, family, co-workers, or kids that annoy cats who can use this gift.

Doctor Quote of the Day 2: “First the doctor told me the good news: I was going to have a disease named after me.” – Steve Martin

Timeout for Trivia: Congrats to those who guessed Jane Fonda last week. Want to be entered into a drawing to win a Retro Candy Gift Box (I used to smoke two packs of the candy cigarettes a day!) . Simply email me the answer to this week’s Who Am I? question. Good luck: “Both of my blockbuster movies were released this week back in 1997 and 2009. Some of my earlier movies in the 80s and 90s I worked with the governor – those movies made a lot too, but I’m most proud of those two blockbusters. I’m not royalty but I claimed to be in my Oscar acceptance speech.”

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