Hey Friends,
I have 4 fun facts to share with you today and my weekly quote to ponder awaits you below. Have a great Labor Day Weekend!
Blessings,
Andrew
Fun Fact 1:
While mortgage rates have declined in recent weeks (30-year down to 6.49%, lowest since May 2023), it hasn’t been enough to meaningfully change the equation.
Source: Charlie Bilello
Fun Fact 2:
There has been a 90% spike in the monthly mortgage payment since the start of 2020. This is simply too much.
Source: Charlie Bilello
Fun Fact 3:
Starbucks rose 24.5% on August 13, its biggest 1-day gain in company history (IPO in June 1992). The previous record was an 18% advance in July 2009.The reason for the spike? A change in leadership, with Chipotle’s CEO Brian Niccol taking the reins at Starbucks starting in September.
Source: Charlie Bilello
Fun Fact 4:
The highest rate of return for college is Engineering, according to College NPV research. The lowest: Visual & Performing Arts. (My wife was a performing arts major. LOL)
Source: CollegeNPV
Quote I’m pondering:
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” ― Thomas Sowell
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.
