Fake Money, Real Rates, and Parties
Party Quote of the Day: “I believe that if like gives you lemons you should make lemonade… and try to find somebody whose life has given them vodka, and have a party.” – Ron White
Today in Economic History: It was on this day back in 1862 that the Bureau of Engraving and Printing was formed. The Bureau had the task of designing and printing the United States currency. But why wait for the Bureau to make money when you can do it cheaper. Here are seven facts about counterfeit money.
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 Q2 GDP (this is a measure of US economic production), tomorrow Weekly Jobless Claims (expected: 212k), and tomorrow the U. of Michigan Consumer Sentiment Report (this shows an indication of consumers’ willingness to spend). Any weakness in these reports can lead to rates dropping, and vice-versa if the numbers come out strong for the economy.
Interest rates remain the mid-to-upper 4s for a 30-year fixed loan, with adjustable rate mortgages a sliver lower. As usual rates will vary based on credit score, type of home, equity in the home, and if the home is going to sink into the ocean.
Don’t Forget to Remember: Any purchase or refinance loan closing between now and the end of September I will waive $500 in closing costs. Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or unsolved mysteries from Unsolved Mysteries fans that can use this gift.
Party Quote of the Day 2: “Pitbull is probably always the first person to hit “Will Attend” on a party evite.” – @DamienFahey
Personal note to Bob B: The answer to today’s trivia is not Doris Day.
Timeout for Trivia: Congrats to those who guessed Kristen Wiig last week. Want to be entered into a drawing to win a Paradox Anti-Gravity Sand Timer? Simply email me the answer to this week’s Who Am I? question. Good luck: “In two days it will be my birthday, or should I say the birthday of the SEXIEST MAN ALIVE! Does that People Magazine title still carry over from the 90s? Oh well, I’m still not bad looking because I’ve been cast in over 20 movies since 2002 – none of them you probably remember, but 2002 was a good year as I starred in a movie that won an Oscar for Best Picture with two actresses who both have the letter Z in their last name. Six years earlier I played an attorney who helped a stuttering boy (or so I thought), and six years before that I played a player whose attorney was a Seinfeld guy.”