Kicking The Habit
Addiction Quote of the Day: “Everybody smokes! Models, actresses, everyone. Don’t they realize that it’s gross? I understand it’s an addiction, but it still pains me to see my friends do it.” – Kirsten Dunst (actress)
Wuss’up This Week: A whole lotta nothing as the bond market will close early on Thursday and remain closed all of Friday. It’s a light week for economic reports but a couple of important ones will be released on Thursday: the Weekly Jobless Claims report (higher-than-expected claims can lead to lower rates) and the Leading Economic Indicators report (this is an indication of future economic activity – a smaller-than-expected increase can lead to lower rates).
Interest Rate Update: 30-year fixed remains in the high 4s/ low 5s, with ARMs about a point lower. I do think rates will go up slightly on Thursday as traders position themselves ahead of the long holiday weekend. As usual, rates vary based on credit score, type of home, equity in the home, and number of Oprah shows left.
Addiction Quote of the Day 2: “The term ‘sex addict’ makes it sound like sex is a drug. And I guess after 23 years of marriage, in my house it is a controlled substance.” – Bobby Slayton (comedian)
Timeout for Trivia: Congrats to all of you who guessed Ricky “Rick” Schroder as last week’s answer. Want to be entered into a drawing to win some Snausages dog treats (I ate two of these last year to win a bet – they actually taste pretty good)? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Tomorrow I turn 61. Many don’t know that I boxed professionally in New York with a 9-3 record (all fights ended in a knockout), that both my sitcoms took place in New York (in one I was a part-time boxer, the other a retired baseball player), and that my talk show was also filmed in New York. NY is the greatest, but catching a cab here is brutal.”
Timeout for Vacation: Barry’s blog will not be seen on April 27th as I will be visiting Disney. However, my favorite oxymoron applies here: this will be a “working vacation,” so please feel free to call or email me for quotes, questions, etc.