Timing, Hidden Treasures, and Rates Still Climbing
Timing Quote of the Day: “Timing is everything. That’s a cliché. Now. If I’d said that a long time ago, I’d have been original.” – Demetri Martin
This Week in Economic History: It was on October 27th, 1858 that Roland Macy founded his own department store in his name. Today, Macy’s is the biggest department store by volume. (*side note: I wish he would’ve used his first name. I don’t know why but ‘Roland’s Thanksgiving Day parade’ sounds like it would be a lot more fun.)
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 The Fed Beige Book Report which are details of the current economic conditions across the country. Tomorrow we’ve got Durable Goods Orders (expected: up 3.2%) and Weekly Jobless Claims (expected: 210k), and on Friday the Q3 GPD (expected: up 4.1%) which is an aggregate measure of US economic production. (*side note: I expect this to be lower as my solitaire app just congratulated me for playing my 4,000th game).
Interest rates continue their slow climb upwards; a 30-year fixed remains around 5.0% with adjustable rate mortgages anywhere from .25- .625% lower. As usual rates will vary based on your credit score, type of home, equity in the home, and if there are treasures in your closet.
Don’t Forget to Remember: Any purchase or refinance loan that closes with me between now and December 1st I will waive $500 in lender fees. Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or people curious about food packaging that can use this gift.
Timing Quote of the Day 2: “I hate people who have great timing with jokes. When I do it I get responses like, “Who are you and why are you at my grandma’s funeral?”’ – @CnaVD
Timeout for Trivia: Congrats to those who last week guessed Zac Efron. Want to be entered into a drawing to win Zombie Feet Sandals ? Simply email me the answer to this week’s Who Am I question. Good luck: “It was on this date in 2006 that Forbes.com gave me some good news and bad news at the same time: I had overtaken Elvis Presley as the highest-earning dead celebrity ($50-million from October 2005-October 2006). I guess it’s cool, I’m glad my music – as angry as it sounded at times – brought people comfort. So yeah, here I am in heaven looking down on all of you, and let me tell you the key to life is giving as much love as you can. Ha – I just realized that sentence could be taken a couple different ways.”