Breaking the Mold
Creating Quote of the Day: “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
Wuss’up last week: Rates rallied a bit last week when on Wednesday, Thursday, and Friday all employment reports came in weaker than expected. On Friday the unemployment rate dropped to 7.6% from 7.7%, but that’s a misleading stat as a lot of people just stopped looking for jobs altogether, which is not accounted for in that percentage.
Wuss’up this week: A couple things that can sway interest rates in either direction. First, today at 1:00 the Fed Minutes will be released – these are detailed minutes of the last Fed meeting. Also today and tomorrow there are auctions for 10-year treasury notes and 30-year treasury bonds. A strong demand for either of these will lead to lower rates. Anyone can buy these so open up your wallets, Mortgage Fans. They make a great gift for Cinco de Mayo or birthdays.
This brings back memories to my Drakkar Noir/Old Spice aftershave days.
Interest rates remain strong with 30-yr fixed in the low-to-mid 3s and ARM rates about a point lower. As usual, please let your family, friends, coworkers, neutered pets, and neutered coworkers know that for any purchase or refinance loan over $240,000 I will waive all lender fees – a $1,295 savings!
Creating Quote of the Day 2:“And on the 7th day while God was resting Satan created the Kardashian family.” – Elijah Daniel (@aguywithnolife)
Timeout for Trivia: Congrats to those who guessed Paul Rudd last week. Want to be entered into a drawing to win a Pee-Wee Herman coffee mug? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “In two days I turn 67. I was signed by the Pittsburgh Steelers in 1969 but was cut, which led me to an acting career. I had bit parts in both Wayne’s World movies but TV is where I found my calling. My first sitcom ran from 1987 – 1997 (my TV daughter ended up sleeping with a news anchorman in a retro 70s movie). My second sitcom – which started in 2009 – is still on today and originally pitched under the title My American Family.”
Rest in peace, Roger. We will miss you, and I know the rap community will miss you too.