December 5, 2023 By Barry Schwartz

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!”

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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