March 20, 2024 By Barry Schwartz

Tomorrow Quote of the Day: “Remember, today is the tomorrow you worried about yesterday.” – Dale Carnegie

Weekly Economic Insights: Historical Coin Facts and Fed Decision On Interest Rates

This Week in Economic History: It was on March 23rd, 1836 when the U.S. Mint, in keeping up with the latest technology, began using a steam-powered press to make coins. Okay, I know what you’re thinking, What a boring fact! Geez, give me a break – not every historic economic week is epic. Let me make it up to you with these 12 fun facts about coins

Possible Game Show Answer: The average cumulus cloud weighs roughly 1.1 million pounds.

Wuss’up This Week: The Fed will give their decision on whether to lower rates now, or wait until the next meeting. (Vegas odds have it at no rate cut this week. By ‘Vegas’ I mean “me” and by “rate cut” I mean “rate cut”) After that decision at 2:00pm, Fed Chair Powell will have a press conference; it’s what he says at this conference that can drive rates up or down. The only other thing of importance this week (besides my decision to get Potbelly’s or Panera today) will be the Existing Home Sales report being released tomorrow.

Current Mortgage Rates: March Update for Various Loan Amounts

Interest Rate Update: Today we find conforming 30yr fixed rates in the mid-to upper 6s for loans at $250k or less, and high 6s to low – to – mid 7s on loans $250k-$766k. For jumbo loans (*over $766k) in the upper 7s for 30yr fixed and lower 7s for ARMs. As usual rates will vary based on type of home, equity in the home, & your credit score.

Additional Read: Ways To Improve Your Credit Score

Special Offer: $450 Lender Fee Waiver for Your Mortgage Closing!

Don’t Forget to Remember: Any purchase or refinance loan 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, or people that appreciate great ads that can use this gift.

Tomorrow Quote of the Day 2: “Don’t worry about the world coming to an end today. It’s already tomorrow in Australia.” – Charles Schulz

Timeout for Trivia: Congrats to those who last week guessed William H. Macy!

Win a Retro Frosted Flakes T-shirt! Answer This Week’s Movie Trivia Challenge!

Want to be entered into a drawing to win retro Frosted Flakes T-shirt? Simply email me the answer to this week’s Who Am I? question. Good luck: My movie was released on this date back in ’92 and I wasn’t too happy with how it was edited, and I’m sure my parents weren’t either. But hey, let’s celebrate because I earned a Golden Globe nomination for Best Actress in that movie. You know who else was in that movie? A guy that was close to getting killed in his Sept ’87 movie (*play on words in that sentence, Mortgage Fans). I’ve made some bad movies too – do you remember my movie with Dennis Quaid, or the year after with Halle Barry (some critics call that one the worst movie of all time). I also like TV – I made some guest appearances on The Practice (2004, I won an Emmy for this one) and Law & Order: SVU (2010), and I liked my 2020 Netflix thriller because my character was kind of cuckoo.”

The Adieu Mortgage Haiku:

Today’s rates are good

Just like my trivia prize

Tony says, “They’re Greeeeeat!”

About The Author


Barry Schwartz

Originally from Wilmette, Illinois, Barry graduated from the University of Kansas in the late 80s and started working for Perl Mortgage in 1998. Barry's drive and motivation came from his first home buying experience. His dedication to clients has helped Barry win industry recognition and rankings in the Top 40 Under 40 and Scotsman Guide Top 200.

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