Washing Machines, Dogs, Rates, and Tricks
Passion Quote of the Day: “There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela
Today in Economic History: It was on this day back in 1934 that the first laundromat opened in Fort Worth, Texas. It operated with the novel idea of renting washing machines for public use. Also on that day – while I don’t have the proof – some kid didn’t separate the colors and turned all his underwear orange and pink.
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 nothing that would move rates, but tomorrow’s Weekly Jobless Claims (expected at 235k) and Leading Economic Indicators Report (expected up 0.4% – this is a report that indicates future economic activity, i.e. the new dog gate I am going to buy ($65) is future economic activity because my 14 pound mutt bullied her way thru the current gate ($45) to eat my kids’ leftover chocolate Easter Eggs ($9). Total vet bill: $374. Note to present and future parents: if your daughter begs you for a dog don’t give in!)
Interest rates remain in the low-to-mid-to-upper 4s for a 30yr fixed. That’s not a big help, is it, Mortgage Fans? They’ve been all over the place the last 30 days. Adjustable rate mortgages are a little bit lower. As usual, rates will vary based on type of home, equity in the home, your credit score, and if you know tricks on how to appear smart in meetings.
Don’t Forget to Remember: Any purchase loan or refinance loan between now and July 31st, you will receive a $500 credit towards closing costs! Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or ping-pong ball trick shot artists who can use this gift.
Passion Quote of the Day 2: “I wish I felt as much passion for something as my dogs feel towards the doorbell.” – @Ch8rming
Timeout for Trivia: Congrats to those who guessed J Geils last week. Want to be entered into a drawing to win a Bob Ross Heat Changing Mug? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this date in 1994 that I filed for divorce from my husband – a guy who wrote for my sitcom and starred in it as well (and also starred in a ’94 flick with a strong politician – that’s the truth!). That sitcom started in 1988 and ended in… Before my show hit it big I did stand-up comedy – I’m funny – it’s what I’m best at. What am I bad at? Don’t ask me to sing, you’ll end up booing me.”