Roast and Aroma
Coffee Quote of the Day: “I put instant coffee in a microwave and almost went back in time.” – Steven Wright
What do rates, yeast, and my weight have in common? They all rise when stressed. Or placed in an oven and cooked. Actually, not much in common between these things, but I do know rates are going up despite my efforts to stop them. Only the economy can save rates now –which is a Catch-22 – because when the economy is sinking rates follow. As of today the 30-yr fixed rate is at 4.625% with ARM rates about a point lower.
Wuss’up This Week: Lots of stuff! Today’s biggest report is the Fed Beige Book which reports current economic conditions across the country. Any signs of weakness will lead to lower rates. Tomorrow we have Weekly Jobless Claims (expected at 352k) and Leading Economic Indicators, which is an indication of future economic activity (expected up 0.2%).
Don’t forget to remember: For any purchase or refinance loan over $240k I will waive all lender fees –a $1,295 savings! Be a hero and pass this onto any friends, family, coworkers, or complete random strangers who you think would benefit from the savings.
Coffee Quote of the Day 2: “How do Australians ask their friends to pass the Coffee Mate?” – Sammy Rhodes (@prodigalsam)
Timeout for Trivia: Congrats to those who guessed Huey Lewis last week. Want to be entered into a drawing to win a Bowling Shoe Cookie? Just send me the answer to this week’s “Who Am I?” question. Good luck: “It was on this day in 1999 that I married Hank Azaria – that lasted a year. In the movies I don’t have a lot of luck with men either: I fell for a storm chaser, a writer with an extreme germ fetish, and a guy who probably loved Wilson more than me. You know who was better than all those guys in bed? The paralyzed guy.”