Carnivals! Mullets! Rates!
Drunk Quote of the Day: “An American monkey, after getting drunk on brandy, would never touch it again, and thus is much wiser than most men.” – Charles Darwin
This Week in Economic History: It was on this day in 1934 that President Roosevelt signed the Securities Exchange Act which was designed to set rules and regulations on the corrupt NY Stock Exchange that caused the 1929 crash. And it was on June 7th, 1955 that CBS unveiled the quiz show The $64,000 Question. Eventually the FCC discovered that contestants were provided answers to the questions beforehand. The scandal caused the network to pull the highly-rates show off of the air.
Wuss’up This Week: Every day reports about our economy are released into the wild, and it’s these reports that can sway interest rates in either direction. Today we’ve got The International Trade Report, tomorrow Jobless Claims, and on Friday the Wholesale Trade Report. From an interest rate perspective these are not earth-shattering reports so I would expect rates to stay basically the same throughout the rest of the week.
Interest rates range from 4.50% – 4.875% for a 30yr fixed with adjustable rates mortgages about a quarter lower. As usual rates will vary based on type of home, equity in the home, your credit scores, and if you’re curious about the physics behind carnival games.
Don’t Forget to Remember: Any purchase or refinance loan between now and July 31st I will waive $500 in lender fees. Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or mullet fans who can use this gift!
Drunk Quote of the Day 2: “If you like drunk girls in really high heels, you may also be attracted to newborn ponies.” – @bazecraze
Timeout for Trivia: Congrats to those who last week guessed Clint Eastwood. Want to be entered into a drawing to win Denim-Style Muffin Tops Muffin Molds? Simply email me the answer to this week’s Who Am I? question. Good luck: “Tomorrow is my birthday. An anagram for my name is Lion Enemas, and yes – I’m one of the few people in Hollywood who is brave enough to give one to a lion. You want to make a list of movies I’ve made with great directors (Spielberg, Scorsese, and Lucas to name a few), or talk about my highs and lows (I’ve starred in outer space and under water), or maybe just review the trilogy of movies I’ve made about being kidnapped.”