Milk! Nice Rates! Muppets!

Milk Quote of the Day: “If a cow laughed, would milk come out her nose?” – Steven Wright

Today in History: Happy birthday to the late great Jim Henson, creator of the Muppets. (*Back in the beginning of the internet there was a great website called JumpTheShark.com which listed when shows ‘jumped the shark’ - essentially when they started to go downhill after reaching max popularity. Jon Hein, the creator of this site, wrote that adding a new character to a show mid-stream was always a major reason when shows would make that jump. I bring this up because when I was a very young boy my favorite Muppets were Cookie Monster and Grover, they were always comic relief to whatever Big Bird was preaching that day. I won’t blame Jim Henson for this – although he probably had something to do with it – but a few years after Sesame Street started they created a new Muppet named Elmo – why, I have no idea. He dominated every new skit with his high-pitched whiney voice, and his comedy was just a rip off of what Grover was doing all along. Really ruined the whole Sesame Street experience for me. Anyway, let me shift from my Debbie Downer rant to a link for some fun Muppet facts.

Possible Game Show Answer: You shed about 40 pounds of skin in your lifetime. In fact, dead skin cells make up most of the dust in your home. (*ChatGPT gave me that fact, and as a germ freak I’m praying it’s wrong. If it’s correct though, I’m hoping to shed about 8 more pounds of skin before my next high school reunion.)

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 New Home Sales (expected: 650k), tomorrow Jobless Claims, Existing Home Sales (expected: 3.95 million) and Durable Goods Orders, and then on Friday a slew of inflation reports. IMO I think these are the ones that can keep us sustaining (or killing) the rate rally we have had the past few weeks.

Interest Rate Update: Today we find a conforming 30yr fixed loan (*that’s a loan at $806k or less) at anywhere from 5.875% to 6.79% (*big spread, I know) and for a jumbo 30yr fixed (*over $806k) they can be found around 6.50% give or take a little bit. ARMs are .25-.50 less for both. As usual rates will vary based on type of home, equity in the home, your credit score, and if you’ve taken a funny amusement park picture

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

Milk Quote of the Day 2: “What if soy milk is just regular milk introducing itself in Spanish.” – Author Unknown (*I don’t want any complaints about this one, Mortgage Fans. It’s so bad that it’s actually funny.)

‍

Timeout for Trivia: Congrats to those who guessed Kyra Sedgwick last week! Want to be entered into a drawing to win a South Park Rubik’s Cube? Simply email me the answer to this week's Who Am I? question. Good luck:“Hey, Mortgage Fans – my show premiered on this date in 2007 (*although I didn’t join until 2010) and ran for 12 years – that’s a long time for a TV series but not if you’re comparing it to the age of the universe. Let’s go back a few decades though - my television career began in the late 80s and really blossomed around 1991-1995, and it was around that time when I also jumped to the big screen and acted in a Woody Allen movie whose title is something of a warning when you’re in Mexico. Back to TV though: I had a handful of appearances on Curb Your Enthusiasm but then my part was reassigned to the son of a 70s/80s pop star. At this point you might be asking yourself, “Okay, this girl can act and I’ll bet she can host a show too.” Well, when I said ‘asking yourself’ that seems like more of an answer than a question.”

The Adieu Mortgage Haiku:

If rates are like milk

Let’s get down to 2%

Drink up, Mortgage Fans!