Hair Today, Gone Tomorrow
Hair Quote of the Day: “I’m not offended by all the dumb blonde jokes because I know that I’m not dumb. I also know I’m not blonde.” – Dolly Parton
Wuss’up This Week: Today at 12:15 we have two important things going on. First, there will be a 5-year Treasury note auction. A low demand will lead to higher rates. Second, I’m going to be eating my last three packs of 100-calorie Chips Ahoy before I start my diet. Tomorrow we have weekly jobless claims (estimate 400k) and durable goods orders, which is a biggie – this is expected to be down 0.2%. Anything greater than that can lead to lower rates. And where the heck are rates now?
Interest Rate Update: 30-year fixed rates remain in the mid-3s with ARM rates about a point lower. Arms are not just for hugging and nukes, Mortgage Fans. They are a great tool to help you save money if you are planning on only being in your home for the next 2-7 years. And a reminder: for any purchase or refinance loan over $240k I will eat every single fee (and Chips Ahoy) involved in the transaction, so it will only cost you time and paperwork.
Family Quote of the Day 2: “Ever notice how similar my hair is to Mr. T’s? The only difference is mine is a little more ‘mo’ and a little less ‘hawk’.” – Bert (Sesame Street, via Twitter)
Timeout for Trivia: Congrats to those who guessed Robin Williams last week. Want to be entered into a drawing to win Pure Moist Rewetting Drops? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Tomorrow I turn 53. I graduated valedictorian of my high school class, probably because I paid attention in class (you’d think my last name would indicate otherwise). In 1995, I won an Oscar for Best Supporting Actor by playing a character who talks too much. Also in ’95, I chopped Chris Martin’s wife’s head off, which earned me MTV’s award for Best Villain.”