Stable Rates, Jumping Quotes, and Space Invaders
Jumping Quote of the Day: “Jump and you will find out how to unfold your wings as you fall.” – Ray Bradbury
This Week in Economic History: It was on June 22nd, 1775 that the Continental Congress issued the first ever currency note called the ‘Continental’. The currency was put in place to help the colonies finance their revolution against Great Britain.
Wuss’up This Week: Every day reports about our economy are released into the wild that can sway interest rates in either direction. Today we’ve got Existing Home Sales, tomorrow Weekly Jobless Claims, and on Friday Leading Economic Indicators (a measure of future economic activity). If the reports show the economy is growing expect rates to tick up, and vice-versa if the data shows disappointing findings.
Despite the Fed raising the Federal Funds rate last week, the mortgage rates remained fairly stable. A 30yr fixed will range anywhere from 4.50%-4.875%, with adjustable rate mortgages slightly lower. As usual rates will vary based on your credit score, type of home, equity in the home, and if you know life hacks to make your home chores easier.
Don’t Forget to Remember: Any purchase or refinance loan that closes with me between now and July 31st will get a $500 credit towards closing costs. Grab yourself a cup of instant karma and pass this info along to any friends, family, coworkers, or Jimi Hendrix fans that can use this gift.
Jumping Quote of the Day 2: “Jumping on a trampoline naked is an awesome way to see the past, present, and future of your body.” – @disastrous007
Timeout for Trivia: Congrats to those who last week guessed Stevie Wonder. Want to be entered into a drawing to win a Space Invaders Heat Changing Mug? (note to Millennials: before you were born this was the greatest video game ever made. Yes, better than Pac Man, although it never had its own song) .Simply email me the answer to this week’s Who Am I? question. Good luck: “I can celebrate my birthday on two different days because the other country I have citizenship in is eight hours ahead. Some people think my current musician husband is from my other country (he’s not) but he is country! My first husband’s birthday is on July 3rd but some say it was really on the fourth of July. He’s kind of crazy but I must’ve been crazy as well to star in a movie with him with no clothes on. Did you see it?”