Today’s Nugget: CNN and the talking heads will never be able to tell you your rate.  First, your situation is unique to you, even if you broadly fit inside the A+ box.  I have some people that get 5% and others that get 4.5%, and it’s hard to tell without the specifics which it will be.  Second, even if CNN/CNBC are quoting data from a mortgage organization that purports to give the “average rate for the week”, what they are generally quoting is the coupon rate for the mortgage, which can bear some relationship to your actual interest rate, or possibly none at all.  Depends.  Finally, when the pundits are telling you we’re going to 4%, they’re guessing just like I am.  My track record has been pretty decent, as those of you regulars can attest, and I’m a whale of a lot more likely to respond to your questions than Becky Quick is, even though she’s a lot better looking.

Just a Thought: Easter is about renewal.  Even if you don’t subscribe to the idea that Jesus rose from the tomb, you certainly notice that your tulips are up again, even though you probably didn’t plant new ones this year.  The earth goes through cycles of renewal, and so do you.  If you get down, remember, you’re going to come back.  And if you need help, holler.  That’s what friends are for.

Cj