Happy Birthday to Ken Galbraith who would have turned 111 today. The Canadian economist famously predicted in his 1958 book The Affluent Society that as society becomes more affluent private business would create additional consumer demand through marketing and consequently public goods (i.e. schools & parks) would be neglected. Seems to me like he was […]
What do you get when you add peanut butter to marshmallow? Well if you add them to two pieces of bread you have yourself a fluffernutter sandwich and today is National Fluffernutter Day! Never tried one but if I did I would probably add bacon. Doesn’t that sound good? Mortgage Rates Home loan rates are […]
I apologize for the absence of ‘rate update’ during the month of September. I could give you a list of excuses including 40th birthday celebration, loan volume, rainy weather, washing my hair, etc. But the bottom line is I allowed things to get in my way. Back on track in October…. Mortgage Rates The month […]
Every Tuesday I try to explain what is happening in the financial markets that will impact mortgage rates. The truth is sometimes I highlight factors that do influence interest rates and sometimes I don’t. Sometimes mortgage rates fluctuate……just because. Today is National Just Because Day so if there is something you’ve been wanting to do […]
Global connectedness made a major advancement on this day in 1911 when the New York Times sent the first around the world telegram. The telegram which simply read, “This message sent around the world” left the New York Times newsroom at 7pm and arrived back in 17 minutes after being relayed via San Francisco, the […]
On this day in 1961 East German Soldiers began laying barbed wire and bricks in downtown Berlin. Over the course of the next 12 years the Berlin Wall was constructed. The 96-mile long wall made of concrete blocks and barbed wire was meant to divide Soviet controlled east Berlin from US-allied West Berlin. Speaking of […]
“It would be glamorous to be reincarnated as a great big ring on Liz Taylor’s finger.”- Andy Warhol Happy birthday to Andy who would have been 91 today. Interest Rates We’ve held a “floating” position for some now and it’s paid off. Mortgage rates are at their best levels in over three years and some […]
Feeling busy and anxious about all the things you have to get done? Just remember, “stressed” spelled backwards is “dessert” and today is National Vanilla Ice Cream Day! Interest Rates Home loan rates have improved modestly from last week. Existing Home Sales The National Association of Realtors released figures earlier today which showed that the […]
You can file this one in the “wish I had reason to celebrate” folder. Today is #NationalPersonalChefDay! Don’t forget to pat your chef on the back and thank them for all their hard work. Interest Rates Mortgage rates are unchanged this week after increasing by ~.125% last week. Recession looming? The US economy is currently […]
Congratulations to the US Women’s soccer team who capped a dominating performance on Sunday by winning the World Cup. The US recorded 26 goals during their seven games in the World Cup and only gave up 3! Interest Rates Mortgage rates are modestly worse to start the week after the Bureau of Labor Statistics released […]