How Dr. Seuss could help the Fed…
Work Quote of the day:“There are two kinds of people, those who do the work and those who take the credit. Try to be in the first group; there is less competition there.” – Indira Gandhi
Did’ja Know: The Fed’s Beige Book report comes out today at 1:00, but just what the heck is his Beige Book? Basically it’s a report published eight times a year by the Federal Reserve Board that gathers anecdotal information on current economic conditions by each Federal Reserve Bank. It’s filled with interviews with economists, market experts, and key business contacts. While Bernanke continues to ignore my idea of making it a pop-up book, it’s still a valuable report that banks rely on.
Interest Rate Update: 30yr fixed rates are still sub-five percent and ARMS are about a point lower. Don’t forget that today is the first day of the rest of your refinancing life. Any loan over 240k I will refinance for free. Also don’t forget: rates vary based on credit score, equity in the home, type of home, and if the Hawks win the Stanley Cup tonight!
Work Quote of the Day 2: “Son, if you really want something in this life you have to work for it. Now quiet! They’re about to announce the lottery numbers.” – Homer Simpson.
Timeout for Trivia: Congratulations to all of you who correctly guessed Marky Mark Wahlberg as the answer last week. Want to be entered into a drawing to win cool stuff? Simply email me the answer to this week’s Who Am I? question. Good luck: “I turn 49 today. At 18 I moved to LA to pursue acting. When I registered at the Screen Actors Guild I was told someone had my name so I had to use a middle initial to make the names different. Only I didn’t use the initial from my real middle name ‘A’ because of the Canadian stereotype ‘Eh”. My show was a big hit in the 80s and I only got the role because Matthew Borderick turned it down. Lucky for me because had he not turned it down I never would’ve met Ellen who was an art major at Leland College.”