Honesty is the Best Policy

Truth Quote of the Day: “All truths are easy to understand once they are discovered; the point is to discover them.” – Galileo

Wuss’up This Week: Three reports come out this week about jobs (today’s ADP Employment report, tomorrow’s Weekly Jobless Claims, and Friday’s Employment report) Rates can jump up and down based on any of these reports’ findings – especially Friday’s. As usual, the worse the economy the better the rates. And where are rates these days?

Interest Rate Update: Still super low… A 30-year fixed is around mid-to-high 4s, and ARMs are about a point lower. I don’t remember in my 72 years of doing mortgages seeing rates this low on the ARMs (okay, it’s really only been 13 years, but this job and marriages can feel like they’re measured in dog years). If you are 99% certain you will be in your current home for less than 7 years, you should take me up on a refinance (don’t forget – for any loan over 240k I will refinance for free). You’ll save some big-time $$ by switching to an ARM or refinancing your existing ARM. Please tell your friends, family, coworkers, and even people you don’t like about my refinancing special. It will be good karma.

Truth Quote of the Day 2: “All right, look – if you absolutely have to tell her the truth at least wait until the timing is right. And that’s what deathbeds are for.” – Chandler Bing (Matthew Perry), Friends (1995)

Timeout for Trivia: Congrats to all who guessed Lenny Kravitz as last week’s answer. Want to be entered into a drawing to win a David Hasselhoff action figure? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Today I turn 74 – I’m at the age where someone should really be driving me around, y’know? And yes, with my age comes white hair, so you can stop calling me Red. When I was 34, I didn’t think people would ever take my acting ability seriously while playing the Vegetable Vampire on The Electric Company, but things did turn out for the better, as I have since been both the President and God.”


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