October 17, 2023 By Barry Schwartz

Hey, Mortgage Fans!

I like Halloween, I do, but I don’t like how the entire food planet has hopped onto the pumpkin-flavored bandwagon. Crackers, coffee, milk, cinnamon rolls, biscotti, Ramen Noodles, and even chocolate-dipped almonds are all things you’ll be able to buy at your local grocery store that are pumpkin-infused. I know what you’re thinking: “What’s the 2ndworst example of this you’ve ever seen, Barry?” Glad you asked – that would be the Pumpkin-spiced flavored Oreos. You don’t mess with perfection, Nabsico – I imagine this would be like da Vinci putting braces on the Mona Lisa. Is there anyone who walks into Jewel-Osco, sees the Oreos on shelf and thinks, “Mmmm, let me dip some gross pumpkin cookies into milk.” Yes, I am probably turning into that ‘get off my lawn’ guy with this rant but I’m now ready to tell you the worst one ever. Are you sitting down? You might want to last down: Last week I passed a Chinese restaurant and their poster in the window read: “Try our Pumpkin flavored chicken, shrimp, or duck.” Wait. What? Pumpkin flavored duck??? Did the chef lose a bet? I’m sure at some point in September there was a duck flying around and thinking, How great it is to be alive. And now, that duck is pumpkin flavored.

Duck Quote of the Day: “I’m like a duck: calm above the water, and paddling like hell underneath,” – Fred Shero

Today in Economic History: It was on this date in 1960 when the US Government decided to stop exports to Cuba, signaling a surge in efforts to weaken Fidel Castro’s communist government.

Possible Game Show Answer: An estimated 1 million dogs in the US have been named the beneficiary of their owners’ wills.

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 , tomorrow Durable Goods Orders and Pending Home Sales, and on Friday the Consumer Sentiment Report. If these all come in good for the economy you’ll see rates tick up, and vice versa if the numbers disappoint.

Interest Rate Update: Today we find a conforming 30yr fixed loan in the low-7s if that loan is at $250k or less, and super-high 7s (and maybe some low-8s) if the loan is between $250k-$726k. Jumbo 30yr fixed rates can be found in the low-8s for a 30yr fixed, and mid-7s for a 10yr ARM. As usual rates will vary based on type of home, equity in the home, if your home is a mystery home and your credit score.

Don’t Forget to Remember: Any purchase or refinance 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 like historical photos that can use this gift.

Duck Quote of the Day 2:I find a duck’s opinion of me is very much influenced by whether or not I have bread.” – Mitch Hedberg

Timeout for Trivia: Congrats to those who last week guessed Zooey Deschanel!

Want to be entered into a drawing to win a Lactose Intolerant T-shirt Simply email me the answer to this week’s Who Am I? question. Good luck: It’s my birthday today, and I’ll start by telling you that high school made me famous (sort of). You know what else made me famous? A movie that starred me, Queen Latifah, and John Travolta – and it took place in the early 60s which is way before I was born. I don’t want to brag but I’ve got a good body that I showed off in my 2017 movie, but I learned a hard lesson that looks can’t carry a movie (hence my Golden Raspberry Worst Actor nomination) and it dropped like a rock/co-star to the bottom of the place I was hired to look over. I should’ve sung in that movie, because it seems like the critics like all my movies I sing in. Yes, that’s a good lead-in for the final hint: my other 2017 movie also starred someone whose first name and my first name start with the same letter (not easy to do), and that movie could also be retitled The Most Exceptional Impresario.

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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