Hey, Mortgage Fans!
Well, it finally happened, Mortgage Fans – I got lackadaisical with my boosters and picked up Covid for the first time in my life. Old school Covid too – I completely lost my sense of taste and smell – which makes this a fantastic time to go to my mother-in-law’s for one of her dinners, but really – I don’t even have the energy to write cliché MIL jokes. What I do have – thanks to Instacart – are a bunch of supplies: Dayquil, Nyquil, orange juice (that I can’t taste), cough drops, and a box of Frosted Flakes to celebrate when my taste does come back. In the meantime, I will try and supply you with the usual blog, but with my lack of energy it will be a little ‘light’ on links, etc.
Supply Quote of the Day: “As I hurtled through space, one thought kept crossing my mind – every part of this rocket was supplied by the lowest bidder.” – John Glenn
Today in Economic History: One of the wealthiest counties in the country – Orange County – racked up debts of around $2 billion before it decided to declare bankruptcy on this date in 1994. (*And this is reason # 798 why you shouldn’t be watching Housewives of Orange County).
Possible Game Show Answer: Sea cucumbers eat with their feet. (*this reminds me of a really dumb story that I’m going to tell you now. In college I was really much more limber than I am now, and I won a bet that I could eat a package of Cheetos using just my feet. That earned me the nickname ‘Monkey Boy’ which only lasted about a month because at a party I was sitting on the railing of a porch and fell backwards, cracking two of my ribs. As I was lying on the ground writhing in pain, my friends stood over me discussing how a true Monkey Boy never would’ve lost his balance and fallen.)
Wuss’up This Week: All about jobs, folks — today we’ve got the ADP Employment Report, tomorrow Jobless Claims, and on Friday the Employment Report for November.
Rates Continue to Rally! Today we find a conforming 30yr fixed ($726k or less until the end of this month, and then $766,550 next year) in the high-6s/low-7s, and for a jumbo loan (*over $726k) in the mid-7s for a 7yr ARM. As usual rates will vary based on type of home, equity in the home, and your credit score.
Don’t Forget to Remember: Any purchase or refinance loan closing with me, I will waive $450 in lender fees. Please pass my info along to any friends, family, coworkers, or co-slackers that can use this gift.
Supply Quote of the Day 2: “Glitter is the herpes of craft supplies.” – Demetri Martin
Timeout for Trivia: Congrats to those who guessed Howie Mendel last week!
Want to be entered into a drawing to win an Elmers Glue T-shirt? Simply email me the answer to this week’s Who Am I? question. Good luck:“: “My song was released on this date in 2019 and peaked at # 6 on the Billboard Top 100 chart. I wish more of you would’ve adored it but no worries, I’ve had a few songs go to # 1. My first song to top the charts – from that same album – co that could be retitled ‘Cucurbita Citrullus Fructose’. My self-titled debut album was released in 2017 and the number one song from that album was a sign that I was going to be around for a long time. But yeah, I was around before that – you might remember me from 2011 when the group I was in had a name that told you we were only headed towards stardom. Final hint: An anagram for my name is Sly Rye Trash!”
