March 22, 2023 By Barry Schwartz

Hey Mortgage Fans!

Courage Quote of the Day: “You cannot swim for new horizons until you have the courage to lose sight of the shore.” – William Faulkner

So…. I’m out of town this week living one of my favorite oxymorons: “A working vacation.” And I woke up this morning in a cold sweat realizing I didn’t write my blog, and in jeopardy of breaking an incredible 11-year streak without missing a Wednesday. I tell you this because to keep that streak alive I need to shorten it quite a bit. Here you go, Mortgage Fans – normally three paragraphs I am shortening to three sentences:

  1. Interest rates for a conforming 30yr fixed (*that’s for any loan at $726k or less) can be found in the high-5s-to-upper 6s. Jumbo 30yr fixed (*over $726k) also in that same range. ARMs, like my high school report cards, continue to disappoint – they are all priced about the same for conforming loans but starting to lower on jumbos. More about that next week.
  2. Fed Chair Jerome Powell will raise rates a predicted .25 percent today, even though banks are starting to drop like flies around my mother-in-law’s cooking.
  3. 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, and co-slackers that can use this gift!

Possible Game Show Answer: Female cicadas have been known to confuse the roar of power tools for mating calls, sometimes swarming people using lawn mowers. And with that I now have an excuse never to mow my lawn again.

Courage Quote of the Day 2: “There’s nothing worse than child abuse, but a close second is when someone describes an actor’s performance as ‘courageous.’” @DannyZucker

Timeout for Trivia: Congrats to those who guessed Halle Berry last week!

Want to be entered into a drawing to win a Lucky Charms Cereal-Scented Candle? Simply email me the answer to this week’s Who Am I? question.

Good luck: It was on this date that the movie I wrote and directed was released in 2019, and no – it’s not about a popular magazine. You know what was based on a magazine? The title of the show I joined in 2003 (spent five seasons there). So yeah, I got my start there, but the key to my popularity was working with a guy whose name can be found in this very sentence! We had several skits go viral on our Comedy Central show from 2012-2015, so I know what you’re thinking: how did I go from sketch comedy to writing and directing a movie that was scary? Ah, you’re talking about my 2017 flick that was nominated for four Academy Awards, yeah – I’m really proud of that one. Am I proud of my 2022 movie that I wrote and directed? Nope. But here’s one more hint for you before I go – my last name is something you would do with a banana.”

About The Author

Barry_Schwartz

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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