How low can rates and Mindy Beck go?

Disease Quote of the Day: “One of the greatest diseases is to be nobody to anybody.” – Mother Teresa

Did’ja Know: If you had 10 billion $1 bills and spent one every second of every day, it would require 317 years for you to go broke. (side note: If you are reading this and you are a billionaire stay away from my college girlfriend Mindy Beck who could spend that money in less than a semester and leave you for an English teacher twice her age).

Wuss’up This Week: Jobless Claims Report comes out a day early this week, and while last week’s report was encouraging, many expect a higher figure on today’s report. This could lead to lower rates. Also today the government will be auctioning off 30-year Bonds. Treasury Bonds. A total of $16 billion will be auctioned and you might want to pick some up for holiday gifts (keep the receipt so you can return them after Christmas). If there is a strong demand, rates will dip.

How Low Can You Go? I recently saw an economist speak (I was having trouble sleeping) who said he can see 30-year fixed rates falling into the mid-3s. While I think this may be a stretch it’s certainly not impossible. Thinking about refinancing? Don’t gamble on waiting for the 3s. It only takes one bad day to send rates up for good. And don’t forget: Any loan over 240k I will refinance for free (this goes for purchases too). Please let your family, friends, and coworkers know what a cool dude I am.

Disease Quote of the Day 2: “First the doctor told me the good news: I was going to have a disease named after me.” – Comedian Steve Martin.

Timeout for Trivia: Congratulations to all of you who answered Chicago’s own Jenny McCarthy as the answer last week. Want to be entered into a drawing to win a drawing I made of Jenny McCarthy? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this day in 1969 I got arrested for being unruly on an airplane; and while a lot of famous rockers die in plane crashes I died a less glamorous death in a bathtub two years later. It’s ironic that while I’m known for “rock” music it’s the word “stone” that’s played a big part in my life. Pre-death: I liked to get stoned. A lot. Post death: Vandals are always stealing my tombstone. Rolling Stone Magazine ranked me 47 on their list of the 100 Greatest Singers of All Time. And in ’91 a lot of my fans said that Stone and Val didn’t do a totally accurate job of portraying me.”

Thank a veteran tomorrow…

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