Taxes, Saxes, Dogs, and Rates
Braille Quote of the Day: “There is a wonder in reading Braille that the sighted will never know: to touch words and have them touch you back.” – Jim Fiebig
This Week in Economic History: It was on this day back in 1916 that after several rulings against Federal Income Taxes the Supreme Court finally gives its blessing declaring the 16th Amendment constitutional. (*interesting side note: before you complain about taxes do you want to know how much they were in the early ‘80s? If you made over $108k you were taxed at 70%)
Wuss’up This Week: Reports about our economy are released daily, and these reports can sway interest rates in either direction. Today we’ve got a 5-Yr Note Auction, tomorrow Jobless Claims, and on Friday Durable Goods Orders and Consumer Sentiment.
Interest Rates have settled somewhat since their crazy post-election rise. A 30-year fixed remains in the high-3s/low-4s with ARM rates about a half a point lower. As usual, rates will vary based on type of home, equity in the home, your credit score, and if you own the fastest treat catching dog .
Don’t forget to remember: Any purchase or refinance loan over $240k I will waive ALL lender fees – a $1,050 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or sexy saxophone players that can use this gift.
Braille Quote of the Day 2: The Braille on the drive-thru ATM actually says, “Move to the passenger seat.” – @hmmmwes
Timeout for Trivia: Congrats to those who guessed Kevin Costner last week. Want to be entered into a drawing to win a box of Big League Chew. Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this date in 1997 my group’s album went to # 1. There was no question in my mind we would hit it big. An anagram for my name is ‘seen wafting’ which makes sense as my career has moved easily from a musical group, to solo career, to a reality show. I’m happily in love now; there was a time I married another rocker who was in a band named after shrubbery (or maybe a President).”
Happy Birthday shout-out to my brother Billy – the greatest guy in the world! (*by buttering him up I’m hoping he’ll forgive the IOU for $37 in quarters I took from him in 5th grade)