By Barry Schwartz of PERL Mortgage & heymortgagefans.com
Privacy Quote of the Day: “A career is born in public, talent in privacy.” – Marilyn Monroe
Wuss’up This Week: Last week we saw rates creep the wrong direction as inflation fears kicked in (again) and the weekly job data wasn’t as bad as expected. This week? We’ve got a ton of reports coming out that can sway rates in either direction. The biggies are today’s 5-Year Treasury Note Auction, tomorrow’s Weekly Jobless Claims, and Friday’s Q3 Advance GDP, which is a report that measures US economic production (which, if measuring my production, will come out low as I spent the morning doing the puzzle on the back of my Lucky Charms cereal box).
Interest Rate Update: While they are not at the all-time low, they are only a shade above it. The 30yr fixed remains around 4.0% with ARM rates about a point lower. Don’t forget: any refinance or purchase loans over $240k I will waive all lender fees – a $1,200 savings! Also, if I get my weight down from 176 to 172 I will waive all appraisal fees too (although as hinted above the Lucky Charms diet may have people paying for their own appraisals for the rest of the year).
Privacy Quote of the Day 2: “The Kardashian family asks that you respect Kim’s privacy during this difficult time and wait until they finish editing the divorce special.” – Wade (@WadetoBlack)
Timeout for Trivia: Congrats to those who guessed Lisa Marie Presley as last week’s answer. Want to be entered into a drawing to win a 16oz container of Philadelphia cream cheese? Simply email me the answer to this week’s Who Am I? question. Good luck: “On Monday this Hoosier turns 82. Why didn’t NBC call me to star in The Firm, who cares if I died in it? I don’t need the work though, and as long as Grisham keeps writing books I’ll keep starring in the movie versions (like the one with Cusack).”
Happy Birthday shout out to the 4th greatest guy in the history of this planet – my brother Billy (ranking only behind only my dad, Abraham Lincoln, and Spiderman).
Rest in Peace Hostess brand cupcakes and Twinkies.
Barry Schwartz is consistently a top notch loan officer at one of the largest mortgage bankers in the country. He loves his job because he’s able to help people find the right loan for the right situation. Born in a suburb just north of Chicago, Barry Schwartz is the youngest of three, and thinks that could be the reason he broke off and attended the University of Kansas.
For questions or inquiries on anything related to mortgage & loans: Contact Barry at 773.413.6242 or email barry@perlmortgage.com & Dean Vlamis at 773.412.6256 or email dean@perlmortgage.com
