Pet Quote of the Day:“A dog is the only thing on earth that loves you more than you love yourself.” – Josh Billings (Writer, 1818-1885)
I seem to get the same questions daily – Where are rates going? How long do you think they will stay low? When are you going to throw those gross gym shoes out? Most of the answers can be found in the economic reports that come out daily. This week two biggies are released that can sway rates in either direction. Today we’ve got Durable Goods Orders (expected up 0.5%). This is a report that gives an indication of the demand for “big ticket” items (these are items that last for more than 4 years – cars, refrigerators, my gross gym shoes). And tomorrow we’ve got Weekly Jobless Claims (expected at 368k) which may give a hint as to what next Friday’s Employment Report numbers will be for February.
Interest rates, you ask? When I hear Joe Cocker belt out “You Are So Beautiful” I like to pretend he is singing to my daughter’s guinea pig that no one pays attention to anymore…or today’s interest rates. A 30-year fixed remains in the mid-3s with ARM rates about a point lower. As usual, please let any coworkers, friends, family members and dysfunctional family members that for any purchase or refinance loan over $240k I will waive all lender fees – a $1,295 savings!!!! That’s right, Mortgage Fans, if you’re counting at home that’s four exclamation points I just used. I’m not messing around.
Just this morning I was thinking: Whatever happened to Mr. T cereal? Of these 54 I’m pretty sure I’ve eaten at least 30 of them.
Pet Quote of the Day 2: “The pickle is like your sandwich’s pet.” – Donni Saphire (@Donni)
Timeout for Trivia: Congrats to those who guessed Paula Abdul last week. Want to be entered into a drawing to win a Wonder Woman lunch box? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “It was on this day in 2007 I was sentenced to 30 days in jail for not paying child support. What do you want from me – I’m broke. Maybe I blew all the money from my 80s group (once nicknamed the ‘Modern Day Jackson 5’) on material possessions and drugs. But I did not get my ex-wife hooked on coke. And baby, if you are reading this from up above I want you to know I will always love you.”