Feeling the Burn
Exercise Quote of the Day: “A man’s health can be judged by which he takes two at a time – pills or stairs.” – Joan Welsh
Will the Bears’ search for a new coach push rates higher or lower? Neither, but I do have a theory about sports affecting rates. On Friday we have the U of Michigan Consumer Sentiment Report (this is an indication of consumers’ willingness to spend; a weakness can lead to lower rates). Since they lost to Ohio State on Sunday I don’t think the people of Ann Arbor want to spend any time in a mall, which means I think this report will come in lower than expected. Just a theory, who knows. Other important economic activity this week: The Fed Beige Book today (this details current economic conditions) and tomorrow’s Weekly Jobless Claims. Both of these reports can make rates go up or down.
Christmas morning continues into 2013 with interest rates still at historic lows. 30-year fixed rates remain in the low-to-mid 3s with ARM rates about a point lower. I will give you the same advice my brother gave me when I was dating the third-hottest girl in our high school: “I don’t know how long it will last – so just enjoy it while it’s here.”
FYI – it lasted 4 days, 1 hour, 42 minutes.
…and don’t forget to let your friends, family, coworkers, and neutered pets know that for any purchase or refinance loan over $240k I will waive all lender fees – this is a $1,295 savings!!!!! (yes, that’s five exclamation points I just used).
Were you a child of the 70s and 80s? Me too. I found this interesting about Schoolhouse Rock.
Exercise Quote of the Day 2: “If you think a minute goes by really fast you’ve never been on a treadmill.” – “Khalifa” (@kkalthani)
Timeout for Trivia: Congrats to those who guessed Aretha Franklin last week. Want to be entered into a drawing to win a Scooby-Doo bobble-head set? Simply email me the answer to this week’s Who Am I? question. Good luck: “I turn 60 today. My cover of the Rascals’ ‘You Better Run’ was the second music video ever played on MTV. Ahhh, MTV – if you were alive in the 1980s then you’ve seen all my videos: My 1981 hit (not about a boxer), my 1982 hit starring Judge Reinhold and Bill Paxton, and my biggest song in 1983 in which I played a teen runaway in New York City.”