Waiting for rates to move?
Waiting Quote of the Day: “Somewhere, something incredible is waiting to be known.” – Carl Sagan
Wuss’up This Week: Is this the week the Fed decides rates should start to rise? The author of this blog is saying no – and I just bet a dude in my office $50 they won’t go up. If I’m right I’m adding that $50 to the trivia question prize. If I’m wrong I’ll need everyone reading this blog to mail me some money please. Also this week we’ve got the Housing Market Index today, Housing starts tomorrow as well as Jobless Claims. Anything positive for the economy in these reports will make rates go up regardless.
On this day in history: The Mint had already been in existence for six years but didn’t have a name. It was on this day in 1868 that it’s official name was created: The Bureau of Engraving and Printing. wow… how fun. Personally I think the Mint was a sexier name with great marketing potential.
Interest rates are still fighting to stay low. A 30yr fixed rate remains in the high-3s/low-4s with ARM rates about .50-.75% lower. As usual rates will vary based on credit scores, type of home, equity in the home, and if you have jumping tongue depressors in your home.
Don’t forget to remember: Any purchase or refinance loan over $240k I will waive all lender fees – a savings of $1,050! Grab yourself a cup of instant karma and tell your friends, family, coworkers, and rug enthusiasts what a great deal this is.
Waiting Quote of the Day 2: When a family member unexpectedly dies what’s the proper waiting period before removing their stick figure from the back of the minivan?” – @bachibawlz
Timeout for Trivia: Congrats to those who guessed Adam Sandler last week. Want to be entered into a drawing to win a Minivan Prevention Kit? Just email me the answer to this week’s Who Am I? question. Good luck: “My movie hit # 1 at the box office on this date in 2005. In real life I’ve got two kids and only married once which maybe follows the movie’s theme that I don’t sleep around much. Most of you reading this are stuck in an office like I used to be, to which I say: Get outside people – enjoy the sunshine! It’s going to be nice for a while; I know this because on occasion I report the weather.”