**Remember Quote of the Day: **“In the end, we will remember not the words of our enemies but the silence of our friends.” – Martin Luther King, Jr.
**Today in History: It was on this day in 1979 when Philadelphia 76ers center Darryl Dawkins leaped over Kansas City **Kings forward Bill Robinzine, dunked the basketball, and shattered the fiberglass backboard – the first time this had ever happened. As a young boy this amazed me because I couldn’t even do it on a Nerf hoop in my room (*I still can’t). Dawkins did it again a couple of times which forced the NBA to make a ‘collapsable rim’ so it would never happen again.
**Possible Game Show Answer: PEZ candies were originally **anti-smoking mints. (*Growing up this was one of the very few candies I never gravitated towards. I don’t know if in a previous life I died of a broken neck because this candy always freaked me out, flicking the head back violently to get candy to pop out – it really just makes me nauseous to still think about it. Okay, okay, I’m sorry – I don’t mean to bring you into my depressing world, Mortgage Fans. Let me make it up to you by showing you the Pez dispensers that are worth the most money.
Wuss’up This Week: Lots and lots of fun things happening that can sway interest rates in either direction. Today we’ve got the Consumer Price Index report (expected: 92) along with three inflation reports and three Fed presidents speaking, tomorrow three more inflation reports along with Fed Chair Jerome Powell speaking, and then on Friday the U.S Retail Sales report and Capacity Utilization. If these reports come in good for the economy you’ll see rates tick up, and vice versa if the numbers disappoint.
**Interest Rate Update: First time homebuyers can be looking at 30yr fixed rates in the low-to-mid 6s when the loan is at $250k or less, and from **$251k-$766k they are in the upper-6s/low-7s for a conforming loan. For jumbo loans (*over $766k) we are looking at around 6.75% for a 30yr fixed and around 6.375% for a 7yr ARM. As usual rates will vary based on type of home, equity in the home, your credit score, and if you like historic photographs.
**Don’t Forget to Remember: Any purchase or refinance that closes with me I will waive $450 in lender fees! Grab yourself a cup of instant karma **and pass my info along to any friends, family, coworkers, and people with haircut fails that can use this gift.
**Remember Quote of the Day 2: ** “Always remember that you are absolutely unique. Just like everyone else.” – Margaret Mead
**Timeout for Trivia: Congrats to those who last week guessed Ethan Hawke! Want to be entered into a drawing to win a Scooby Doo Thermos? **Simply email me the answer to this week’s Who Am I? question. Good luck: “It’s my birthday today and maybe I’ll announce to you all tonight if you’re watching me. No anagram hint today – too many M’s in my name, so let me give you some other hints. Do you remember the monotone teacher in Ferris Bueller’s Day Off? I hosted his show. I was also the co-host of a show that ran from 1999-2003 that probably would’ve been canceled during the #MeToo movement. I’ve hosted a bunch of other stuff too as well as lending my voice to kid movies (see: Garfield, The Aristocrats, The Boss Baby, etc.). Do you know the guy that was stuck on another planet in 2015? This blog author finds our fake feud hilarious. You know who else Barry thinks is hilarious? The girl I dated from 2002-2009, and in 2003 the movie she was in set a record for the highest-grossing music-themed comedy of all time.”
** **
**The Adieu Mortgage Haiku: **
** **
One more Fed rate cut
Will help spur a refi boom
An early Christmas
Welcome to a better mortgage experience! In just few minutes you can find out what you qualify for and explore multiple loan options and interest rates.
Complete our short and intuitive pre-approval interview to get started.
