As a germ freak, I’ve never been one to buy “homemade” food from a convenient store – I don’t know why but it grosses me out (yes, my shrink and I are working on it), but at the 7-11 near my house they have the best turkey sandwich ever! I’ll pick one up at least once a week. A couple of days ago I bought a sandwich and spontaneously a lottery ticket as well, the clerk who always rings me up said, “I’m rooting for you.” This made me feel good but then as I drove home I thought to myself. He’s only rooting for me because of the lottery ticket, he’s just… using me. It would be so great if once in my life I could buy only a sandwich and have the guy tell me, “I’m rooting for you, Barry! Whatever you do in life, I’m in your corner, brother.” Anyway, dumb story but the reason I tell it is that when I write this blog I always look for two quotes on the same subject, with at least one of them being funny. Thinking about the 7-11 clerk gave me the idea to seek out quotes on being used. Well let me tell you, Mortgage Fans, in this vast internet ocean there is not one funny ‘being used’ quote. Not one! However, a TON of sandwich quotes. So my challenge to you: think up a funny ‘being used’ quote and I will take the best one – if I even get any – and publish it in next week’s blog along with a $50 Amazon gift card for 1st place. In the meantime…
Sandwich Quote of the Day: “Life is a sandwich of activity between two periods of bed-wetting.” – Padgett Powell
Speaking of Sandwiches… was it named after someone? Maybe it was according to this early SNL skit.
Today in Economic History: It was on this day in 1952 Gen. Dwight D. Eisenhower gave up his command of all NATO forces under pressure to run for President. He gave in to the requests and was elected President in November of 1952, which at that time used his powers to give himself command of NATO forces again! (*just kidding, I made up that last sentence – but here are ten real facts about Dwight)
Wuss’up This Week: Every day reports about our economy are released into the wild, and it’s these reports that can sway interest rates in either direction. Today we’ve got Federal Reserve Announcement (spoiler alert: the Fed will not raise rates at this time), tomorrow Jobless Claims, and on Friday, Consumer Spending (spoiler alert: this will come in higher than expected according to my last MasterCard statement) and Core Inflation. Expect rates to tick higher if these reports come in good for the economy and vice-versa if the numbers disappoint.
Interest Rate Update: Finally seeing some high-2s again on purchase loans – that’s for a 30yr fixed conforming loan (*anything at $548k or less) and low-3s on Jumbo loans (*over $548k). Don’t forget jumbo and conforming ARMs are starting to make a comeback – both in the 2s – as well as the conforming 15yr fixed rate. As usual, rates will vary based on if it’s a purchase or refinance, type of home, equity in the home, your credit score, and if you like interesting yet simple pictures
Don’t Forget to Remember: For any purchase or refinance loan I will waive $575 in lender fees! Grab yourself a cup on instant karma and pass my info along to any friends, family, coworkers, or people who love Unsolved Mysteries that can use this gift.
Sandwich Quote of the Day 2: “Promoting a film with “From the producers of…” is like advertising a sandwich with the words “From the supermarket that also sells jam.”” – @wowser
Timeout for Trivia: Congrats to those who last week guessed Jack Nicholson. Want to be entered into a drawing to win a McLovin Driver’s License Magnet https://www.redbubble.com/i/magnet/McLovin-by-ghjura/11578408.TBCTK ? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this day in 2018 that the Mayor of Asbury Park declared a day named after me (it’s Nov 17th). Do you know the guy who was last week’s trivia answer, this will sound crazy but I starred in a film with him a long time ago that won a bunch of Oscars. What else can I tell you? An anagram for my name is ‘tiny dad oven’ – wait, is the writer of this blog mocking me?? Ehh, I don’t care, my wife will have no problem cooking on a tiny oven. Getting back to me though, do you remember my role in as a villain in a superhero film? It’ll help if you walk around the zoo.”
