Getting Burned

Fire Quote of the Day: “A man can be short and dumpy and getting bald, but if he has fire women will like him. “ – Mae West

Wuss’up This Week: Luckily (or unluckily) this is a quiet week for economic reports that can sway interest rates in either direction. Today we have the Existing Home Sales report coming out – and if you ask my neighbor three houses down he will tell you it “sucks.” (When he told me this I was thinking they should also have a Listing Too High report). Tomorrow we have New Home Sales (expected at 342k) and a 10-year Treasury TIPS auction – this stands for either “Treasury Inflation-Protected Securities” or “This is Prozac Season” (sorry guys – that’s about as creative I can get on three hours of sleep…it was either those ones or “Thinking I’m Pac-man Schwartz”)

For the first time in a long time rates went up last week about .25%. This was due to last week’s reports that showed signs of inflation, which is like kryptonite for interest rates. However, rates are still in the 3s! It’s been Christmas morning all year, Mortgage Fans – so if you are thinking of buying a new home or refinancing your existing home, now is the time! And don’t forget: for any loan over $240k I will waive all lender fees – a $1,295 savings!

Fire Quote of the Day 2: “Inflammable means flammable? What a country.” – Dr. Nick (Simpsons)

Timeout for Trivia: Congrats to those who guessed David Duchovny from last time. Want to be entered into a drawing to win barf bags from over 30 different airlines? Simply email me the answer to this week’s “Who Am I?” question. Good luck: Tomorrow I turn 63. Some of you know me as Noah Drake. Some of you mistake me for Springsteen. Some of you think I’m a guy that would steal my friend’s girlfriend – but I would never do that ‘cause she’s lovin’ him with that body, I just know it…”

Personally I think Jo would’ve been the better choice than Blair to appear on a TV show that – like Facts of Life – has been on the air too long.

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