Change Quote of the Day:“Change your thoughts and you change your world.” – Norman Vincent Peale

What’s that? You want 20 great cover songs remade even better? Here you go (except, uh, #18 was not the best).

What do my haircut and today’s interest rates have in common? This is the worst they have looked in a long, long time. In fact, rates are at a two-month high now and some in this industry feel the climb has just begun. And why not? The housing market has drastically improved, employment seems to be under control, the sun is shining, and the Cubs are only in second-to-last place instead of last place. All signs that the economy has improved – which is a rate killer.

Wuss’up This Week: Today’s Fed Minutes Reports is about the only report coming out this week that can shake interest rates in either direction. For the last two years the Fed has been buying bonds, which has kept interest rates artificially low. This is coming to an end; we just don’t know if it will be this summer, this fall, or this winter. The later the better for rates – and I’m sure in these minutes the Fed will drop hints as to when their spending spree will end.

Despite the shift upwards interest rates are still beautifully low, Mortgage Fans. A 30-year fixed remains in the mid-to-high 3s with ARM rates about a point lower. Don’t forget that rates vary depending on type of home, equity in the home, credit score, and if you are gluten-free.

And as always let your coworkers, friends, and family know that for any purchase or refinance loan over $240k I will waive all lender fees – a $1,295 savings! I am the only one in the industry doing this. I don’t know if that makes me smart or dumb but it’s a good time to take advantage of it.

Some excellent superhero texts…

Change Quote of the Day 2:“I can’t believe Whoopi Goldberg hasn’t legally changed her last name to ‘Cushion.’ I mean, why even be a celebrity??” – Moris (@moris23)

Timeout for Trivia: Congrats to those who guessed Tina Fey last week. Want to be entered into a drawing to win superhero shot glasses (with capes!)? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “It was on this date in 1990 that my song hit #1 on the US Top 100 Chart. This was my only #1 song in my career and it wasn’t even written by me! The guy that wrote it, Prince, has a lot more hair than I do. In 1992 Madonna ripped up a picture of Joey Buttafuoco and said on TV – to me – “Fight the real enemy.” What can I say, she’s always been jealous of me. People say my 1992 version of “Don’t Cry for Me Argentina” was better than her 1996 version.”

Tiny Quote of the Day:“What lies behind us and what lies ahead of us are tiny matters compared to what lives within us.” – Henry David Thoreau

Message to the Dunkin Donuts employee who helped me today: When a customer tells you the hot chocolate isn’t hot don’t dip your finger into the cup to test it. Kinda gross.

All is quiet on the western front and in the rate world after last week’s April Employment Report, which was great for the economy but bad for interest rates. We were starting to rally the few days before the report came out, but now we have to look for other economic reports to help drive rates down.

Ain’t gonna happen this week though, as it’s a relatively quiet week for any economic news that can shake rates. Today and tomorrow we do have auctions (10-year Treasury Note Auction today at 12:15, 30-year Treasury Bond Auction tomorrow at 12:15) where a strong demand for these items can drive rates down. And just what do today’s rates have in common with what my girlfriend told me my senior year in high school?

“You’ll never change and that makes you boring.” Maybe, but if these rates never change it’s a good boredom, right? 30-yr fixed rates remain in the low-to-mid 3s with ARM rates about a point lower. Don’t forget to let your family, friends, coworkers, and anyone you owe a favor to know that for any loan over $240k I will waive all closing costs – a $1,295 savings!

Feel cramped where you live? It could be worse.

Tiny Quote of the Day 2:“Sorry, but your kids don’t look adorable when they lose their teeth, they look like tiny homeless people.” – Jenny Johnson (@JennyJohnsonHi5)

Timeout for Trivia: Congrats to those who guessed Annie Lennox last week. Want to be entered into a drawing to win a Mr. T keychain? (I pity the fool who doesn’t want to win this). Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Today I turn 49. I’m a really successful actress although I don’t need a huge mansion to live in – give me just the opposite by some water and I’ll be happy. When I was 17 I dated Rob Lowe. Then I dated Tom Cruise, John Cusack, Scott Baio, and Billy Idol. In 2001 I was voted President of the Screen Actors Guild, which has been the highlight of my career. The lowlight? Watching my TV dad take the highway to heaven in 1981 because of cancer.”

Everybody have fun tonight. Everybody Wang Chung tonight.