Doughnuts! Same Rates! Charms Lollipop Prize!

‍

Start Quote of the Day: “The secret of getting ahead is getting started.” – Mark Twain

Today in History: It was on this date in 1938 when the Salvation Army created National Doughnut Day which is celebrated annually on the first Friday of June. It was created in the Chicago branch of the Salvation Army to honor the ‘Doughnut Lassies’ who served treats to the soldiers during World War I. Hey, speaking of doughnuts, here’s a guide to Chicagoland’s best.

Wuss’up This Week: I don’t know why but I feel like this is our week, Mortgage Fans. Lots of jobs reports starting with today’s ADP Employment Report, tomorrow’s Jobless Claims, and then Friday’s biggie the US Employment Report for May (expected 125k new jobs. My prediction 77k new jobs. And yes, I base this solely on the fact that the pancake restaurant near my house shut down). If the numbers for employment come in low you’ll see rates drop, and vice versa if the numbers exceed predictions.

Interest Rate Update: Today we find both conforming 30yr fixed (*loans under $806k) and jumbo 30yr fixed (*over $806k) in the high-6s/low-7s. I do have some ARMs in the low-to-mid 6s but they come with a prepayment penalty and I’m not a huge fan of that when we’re on the cusp of a refinance season. As usual rates will vary depending on type of home, equity in the home, your credit score, and if you like before and after dog pics.

Don’t Forget to Remember: Any purchase loan that closes with me I will waive $450 in lender fees (and much more on a refinance)! Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or people that like weird pics that can use this gift.

Start Quote of the Day 2: “My leadership skills begins and ends with starting the Happy Birthday song at a party.” - @Social_Mime

‍

‍

Timeout for Trivia: Congrats to those who guessed Adele last week! Want to be entered into a drawing to win a Charms Lollipop T-shirt? Simply email me the answer to this week's Who Am I? question. Good luck: “Hard to believe it was 41 years ago today I released my album which went straight to # 1 in nine different countries (including America of course!). One of the songs on that album will make you think of a certain 90s sitcom actress, and one of my bandmates will make you think of the mob (circa 1999-2007). I was born out east, not Nebraska, and while I am the leader of the band, I’m not the manager. Wait, what’s another word for manager? Some people call me the GOAT but I won’t be until I complete the EGOT (*I’m short an Emmy). Am I a gift to the music world? Well, maybe because an anagram for my last name is ‘Sing Present’.”

The Adieu Mortgage Haiku:

Rates are like doughnuts

Actually…. no they’re not

Ignore this haiku