Thankful for Low Rates, Thanksgiving, and Parades!
Thanksgiving Quote of the Day: “You can tell you ate too much for Thanksgiving when you have to let your bathrobe out.” – Jay Leno
Did’ja Know: Not every state eats the same dishes for Thanksgiving.
Today in Economic History: It was on this date back in 1876that the stock ticker was unveiled. The stock ticker sent a continuous stream of info to traders about stocks. Then someone came up with the nutty idea to take the ticker-tape and throw it out windows during parades – here’s footage of Charles Lindbergh’s parade. Pretty boring, right? To make up for it here’s a video of things being destroyed in slow motion.
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 Retail Sales, tomorrow Jobless Claims, and on Friday Housing Starts (this means the start of new construction on a home). If these numbers disappoint the rates will actually improve, and vice-versa if these reports show signs the economy is improving.
Interest rates remain in the high-3s/low-4s for a 30yr fixed, with ARM rates about a half a point lower. As usual rates will vary based on credit score, type of home, equity in the home, and if the home has the world’s biggest closet.
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 onto any friends, family, coworkers, or people who have been caught stealing that can use this gift.
Thanksgiving Quote of the Day 2: “I celebrated Thanksgiving in an old-fashioned way. I invited everyone in my neighborhood to my house, we had an enormous feast, and then I killed them and took their land.” – Jon Stewart
Timeout for Trivia: Congrats to those who guessed Lorde last week. Want to be entered into a drawing to win a Rodeo Cowboy Dog Costume? Simply email me the answer to this week’s Who Am I? question. Good luck: “My movie was released this week in 1990 and grossed over $60 million domestically. I also won the Best Actress Oscar for it. And… I’m a big fan of Barry’s Blog which scares him. He shouldn’t be scared, Hitchcock didn’t name a hotel after me. Anyway, I used to think grossing $60 million was good for a movie, until my ’97 flick which grossed a helluva lot more. My favorite film though? Maybe one whose title would make both Kermit and a movie rating website happy.”
Timeout for Turkey: I’d like to wish everyone a Happy Thanksgiving, and to let you know the blog will be taking off next week – back in your email in-boxes on November 29th. Have a great holiday and remember to be thankful for family, friends, health, and low rates!