Up...ever so slightly...
Activity on new and existing homes is still sluggish, but the rates on 30 year fixed mortgages are inching up and are now at 4.74%, which is up from 4.71% last week. The 15 year loan is 4.08% and the 5 year adjustable rate mortgage is currently 3.69%.
These are national average rates, and it is possible to find lower rates within the Charlotte, NC area. If you do see rates being offered locally that are much lower, be sure to investigate how they are able to make that offer. Sometimes there will be “Junk Fees” or extra points you will have to pay to receive that rate, and if that is the case you really need to evaluate if it is beneficial for you to pay the additional fees.
And here is your morning coffee...
INSPIRATION FOR TODAY:
BETTER TO ATTEMPT AND FAIL...
In an old "Peanuts" cartoon, Sally is making a list while Charlie Brown looks on. Sally says, "I'm making a list of all the things I've learned in life..." In the next panel she continues with, "Well, actually, I'm making two lists." Charlie asks, "Why is one list longer than the other?" Holding up the much longer list, Sally explains, "These are the things I've learned the hard way!"
It's easy to chuckle a little at the part about "learning things the hard way," isn't it? We've all done that. There's really a more revealing message though in this simple cartoon.
The short list of things we've learned generally contains lessons that required no effort, or lessons we learned passively, while just listening. For instance, we learned simple courtesies from our first grade teacher. We learned historical names and dates from our history teacher. We learned to tie knots from our scout leader. Our parents taught us to share. The list goes on.
The important list, the one that's much longer, contains the things we've learned from experience. These lessons are endless, and no matter how trifling the lesson, we learned one every time we took action. We dared to try a two-wheel bicycle and crashed - several times. We tried out for the school play - and made fools of ourselves in front of friends.
By attempting - at the possible expense of our pride, our self-esteem, or our physical well-being - we either succeeded or failed (and learned a lesson). It is our actions that produce results and teach us those valuable lessons. Teddy Roosevelt said it right: "Far better to dare mighty things..."
