Roaring 20s, Rates, and Raccoons
Lying Quote of the Day: “The naked truth is way better than a well-dressed lie.” – Ann Landers
This Week in Economic History: On this day in 1919, famous economist John Maynard Keynes left the Versailles Peace Conference in France in protest of the Treaty. Keynes predicted that the penalties imposed on Germany for World War One would in turn lead to economic repercussions throughout the world. These predictions held true when the world plunged into an economic depression in the last 1920s. (* here’s some fun facts about the 1920s)
Wuss’up This Week: Every day reports about our economy are released into the wild, and these reports can sway interest rates in either direction. Today we’ve got Pending Home Sales, tomorrow Jobless Claims, and on Friday the Consumer Sentiment Report. If these show signs of weakness rates should trend down, and vice-versa if the reports are positive for the economy.
Interest rates remain in the high-3s/low-4s for a 30-year fixed, with ARM rates about a half a point lower. As usual rates will vary based on type of home, equity in the home, your credit scores, and if you’ve ever eaten in a raccoon café.
Don’t Forget to Remember: Any purchase or refinance loan over $240k I will waive HALF of the lender fees – an $895 savings! Grab yourself a cup of instant karma and pass this info along to any friends, family, coworkers, or great thinkers who love dogs that can use this gift.
Lying Quote of the Day 2: “I lost fifty pounds in two weeks by lying!” – @meganamram
Timeout for Trivia: Congrats to those who last week guessed Bruce Willis. Okay, just a note to let you guys know that I’ve been writing this blog for the last seven years – and I’m happy to announce what I think is the ‘best worst’ prize I’ve ever offered in the weekly trivia contest — a Golden Girls coloring book. If you’d like your name to be entered into a drawing to win, simply email me the answer to this week’s Who Am I? question. Good luck: “My birthday is today and I have a lot to be thankful for — I’ll start by thanking the 90’s where I starred in two big movies. The first one had a title that means ‘a state or feeling of great distress or discomfort of mind or body.’ Yeah, I guess my costar in that movie would agree with that because he had a helluva time walking, but at least he lived. In my ’97 movie the lead actor died because wolves can’t swim (*yes, that’s a reference to his 2013 movie).”