Trophies, Pipelines, and Rates are Still Solid
Trophy Quote of the Day: “I used to play sports. Then I realized you can buy trophies. Now I am good at everything.” – Demetri Martin
Today in Economic History: It was on this day back in 1977 that the Alaskan Pipeline was completed. Bored, are you? Here’s eight pipeline facts to digest.
Wuss’up This Week: Every day reports about our economy are released into the wild that can sway interest rates in either direction. This week it’s all about employment as tomorrow we have the ADP Employment Report and Jobless Claims, and Friday’s biggie the Employment Numbers for May (predicted: anywhere from 140k-210k new jobs). As usual any positive numbers will push rates up, and vice-versa if the numbers come in less than expected.
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, credit score, and when it was you stopped asking Jeeves.
Don’t Forget to Remember: Any purchase or refinance loan over $240k I will waive HALF your lender fees – an $895 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or people that got their dog’s pic into the high school yearbook that can use this gift.
Trophy Quote of the Day 2: “A friend of mine has a trophy wife, but apparently it wasn’t first place.” – Steven Wright
Timeout for Trivia: Congrats to those who guessed Billy Joel last week. Want to be entered into a drawing to win a Banned Book Mug? Simply email me the answer to this week’s Who Am I? question. Good luck: “It’s my birthday today and suddenly I’m 52. You’ve seen me on magazine covers and some 70s TV stuff. I went on Oprah once to talk about how depressed I was after giving birth, and the next thing I knew I was being verbally attacked by an outsider. That’s behind me now and I’m happily married again. My first husband thought love was a game.”