You Are What You Eat
Food Quote of the Day:“You better cut the pizza in four pieces because I’m not hungry enough to eat six.” – Yogi Berra
Wuss’up This Week: A few reports coming out today and tomorrow that can sway interest rates in either direction. Today we have the Fed Minutes being released at 1:00 which details the last Fed meeting, and tomorrow we have Weekly Jobless Claims (expected at 345k). Anything in both of those reports that is negative about the economy will be good for rates (and vice-versa).
I’m always hesitant to use the term “vice versa” because it brings me back to the late ’80s and one very bad movie.
Don’t forget to remember: For any purchase or refinance loan over $240k I will waive all lender fees (a $1,295 savings!). It’s like Cinco de Mayo all year long! (Or Christmas morning – pick the one you prefer.) Why would anyone want to buy or refinance now? Because…
Rates are still beautiful, Mortgage Fans. 30-year fixed remains in the mid-3s with ARM rates about a point lower. As usual, rates vary based on credit score, type of home, and equity in the home.
Food Quote of the Day 2: “This is just a quick shout-out to bread bowls, waffle cones, and other edible containers. You guys are doing a great job.” – @GreenishDuck
Timeout for Trivia: Congrats to those last week who guessed Peter Gabriel. Want to be entered into a drawing to win a Rocky IV movie poster? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “It was on this day in 1992 I got engaged to actor Emilio Estevez. Hard to believe, right? Well, what can I say – opposites attract. Here are other things you should know about me: In the late ’80s/early ’90s I had six number-one singles on the Billboard Hot 100, which tied Diana Ross for 6th place all-time. People think I’m on drugs, but it’s a muscle disease I suffer from so don’t judge me! Would I judge you? Umm..skip that part.”