Fat Quote of the Day: “A narrow mind and a fat head invariably come on the same person.” – Zig Zigler (motivational speaker).
Exciting News!!! Just got my Visa bill in the mail and I’m happy to announce my wife and I have successfully raised our debt ceiling.
Didja Know…? Cattle is the oldest form of money, dating all the way back to 9000 B.C. Some cattle were still used as money in parts of Africa in the middle of the 20th century. I don’t know if this is the origin of the term “cash-cow” but it’s cool how literal it sounds.
Wuss’up This Week: The first Friday of every month brings the most important economic report – Employment. If employment remains weak the Fed will seriously consider keeping rates low. And for the short term, if the employment numbers come in lower than anticipated there’s a chance rates will drop. Unemployment is expected to come in at 9.2% with payrolls increasing by 85k.
Moving in the next few years? ARM rates are so ridiculously low now that it makes sense to refinance from a fixed rate to an ARM (or from an ARM to an ARM) to save big bucks. How else can you save big? For any loan over $240k I will waive all lender fees. Please let your friends, family, coworkers know about this $1,000 savings. Rates are great, Mortgage Fans. 30-yr fixed is in the mid-4s with ARMs about a point lower.
Fat Quote of the Day 2: “The only thing I don’t like about fat is that it doesn’t have sugar in it.” – Roseanne Barr, Roseanne (1989)
Timeout for Trivia: Congrats to all of you who correctly guessed Lisa Kudrow as last week’s answer. Want to be entered into a drawing to win a bag of Swedish Fish? Simply email me the answer to this week’s “Who Am I?” question. Good luck: It was on this date in 1992 that my sports movie hit # 1 – a movie that originally starred Debra Winger in my role, but she dropped out and the rest was history. Luckily, my movies didn’t have SNL actors dropping out as well….I starred in films with Bill Murray (1982), Chevy Chase (1985), and Jon Lovitz (1992) over the years. I lost the Best Actress Oscar to Jodie Foster in ’92, but that’s not why I drove myself to suicide in the movie.”