August 1, 2022

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This month, we talk about the Fed rate hike and whether mortgage rates went up...

Here is what else you'll find in this month's Two Cents Monthly...

• Words of Wisdom
• Mortgage Corner
• What to Watch
• A new billionaire on the block
• A-peeling banana water for your plants
• A new EV charging solution
• Stuff we like
• Easy dinner options
  

Reply back and let me know which article caught YOUR eye!

WORDS OF WISDOM

MORTGAGE CORNER

Did the Fed hike mortgage rates last week?

"The Fed just hiked mortgage rates!!!"

(Don't panic, this isn't true!)

Many people confuse increases in the fed funds rate made by the Fed with an increase in mortgage rates.

However, when the Fed raises policy rates it actually HELPS mortgage rates improve!

Why is that?

The simple answer is that the Fed rate hikes will slow down the economy and hopefully curb inflation, and inflation is actually what drives rates higher. As markets anticipate the Fed will have to raise rates, mortgage rates do move higher, but months in advance of actual rate hikes. Once the Fed actually raises rates, we often see mortgage rates improve slightly afterwards.

Although it is a bit more complex than that, the main takeaway here is that MORTGAGE RATES DID NOT GET WORSE!

In fact, the rates you have access to may even have improved.

If you'd like me to take a look at your situation and see what rates are available to you, reach out anytime. I'd love to help you.

Call, text, email... just reach out anytime it is convenient for you, and let's discuss how I can get you a low rate before this new fee takes effect!

Contact me today if you want to talk more about getting prequalified for a new home purchase, or if you'd like me to run some numbers for you to see if refinancing makes sense. or if email is easier.

WHAT TO WATCH

The Best Movies and TV Shows Coming to Netflix, HBO, Amazon Prime, and Hulu in August

These movies are no April Fools joke!

Read More»

GAMES

Three headlines and a lie

Three of these headlines are real, and one is faker than that Zillow Zestimate you got on your house... Can you guess the odd one out?

1. A high-profile pastor was robbed during a livestreamed service in NYC
2. Martha Stewart says six of her pet peacocks were eaten by coyotes
3. Meet the 14-year-old who will co-direct the next Avengers movie
4. Existence of Loch Ness monster “plausible,” scientists say after fossil discovery

COUCH CUSHION CHANGE

13-36-45-57-67 Mega Ball: 14

If you were the person in Illinois who bought that Mega Millions ticket, then you probably have better things to do than reading this newsletter because you were the winner of the third-biggest jackpot in US lottery history, coming in at $1.337 billion. Yes, that's B-ILLION with a 'B'

The lump sum prize, which most lottery winners opt for, is an estimated $780.5 million.

Fun fact: The Des Plaines, IL, store that sold the winning ticket will also receive $500,000.

IS BANANA WATER A-PEELING?

Should You Water Your Plants with a Banana Peel?

Banana peel water for plants is all the rage on social media. Does it work?

Read More»

YOU DOWN WITH EV? YEAH YOU KNOW ME

This New Home EV Charger Could Save You Thousands

Can this new electric meter collar take some of the pain out of charging an electric vehicle or connecting to solar? Is it available in your area yet?

Read More»

STUFF WE LIKE

A Nifty Surge Protector

Surge protectors are one of those things everyone should use, especially with all the expensive gadgets we use these days. And for those unaware, surge protectors expire and only last a few years. So, if you’re looking for a new one, you’ll absolutely love this wall-mounted surge protector with pivoting plugs.

This low-profile surge protector mounts to the wall over existing outlets, and you can even screw it into the mounting plate to keep it secure. Then, all six of the 3-prong AC outlets can pivot to the side. That way, you can plug in items from the front or bulky things off to the side. Pretty nifty, right?

See it on Amazon»

YUMMY RECIPES

65 Amazingly Quick Dinners For Busy Weeknights

Take-out, who?

Good Eats»