Marriage Quote of the Day: “Keep your eyes wide open before marriage, half shut afterwards.” – Ben Franklin
Let me send you a $25 thank-you. Write me a positive testimonial on Zillow and then email me to let me know you did. I’ll send you a $25 gift card!
You were Grrrreeeaaat, my friend. Rest in peace.
What do interest rates have in common with my college grades? Everyone expected them to be higher by now but they still remain low. 30-year fixed rate is in the low-to-mid 4s with ARM rates about a point lower. As usual rates vary based on type of home, equity in the home, and credit score.
Wuss’up This Week: Last week was one helluva boring week, but this week’s economic reports should bring some excitement back, Mortgage Fans. (Good Lord, when did I become such a loser that I look forward to economic reports?). Today we’ve got PPI (producer price index), which is an indication of inflationary pressures. Too much inflation = higher rates. Tomorrow we’ve got Weekly Jobless Claims (expected at 313k), CPI (consumer price index, expected up 0.3%), and Housing Starts (expected 953k). All of these reports can shake interest rates in either direction.
Actually, I’m in good company with another dude that lived for economic reports and interest rates.
Don’t forget to remember that for any purchase or refinance loan over $240k I will waive all lender fees – a $995 savings! Please pass this email to any coworkers, family, friends (real or imaginary) that can use this break!
I was going to make this week’s trivia prize a VHS copy of Speed, but…
Timeout for Trivia: Congrats to those who guessed Billy Joel last week. Want to be entered into a drawing to win R2-D2 measuring cups? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “In two days I turn 28. I was born with brachdactyly thumbs, which means they look like toes (go to Google images if you know who I am). That’s the only square inch of my body that’s not sexy. I’m always gracing the covers ofMaxim, FHM, and Rolling Stone. If you take my character name from my 2007 blockbuster movie (which was based on a toy and cartoon) and scramble the letters it would spell ‘Make a Lesbian.’ Well, I’ve only dated one girl so I wouldn’t say that. I am currently married to a rapper from Beverly Hills who jokes that Kermit the Frog sings a song about him.”
Whatever your thumbs look like, you can give a thumbs-up to the Hey Mortgage Fans Facebook page! See what else I’m posting during the week!