Money weighs on everyone’s mind…
Aug 4, 2010
Sleeping Quote of the Day: “You can’t wake a person who is pretending to be asleep.” – Author Unknown.
Did’ja know: How important is money to you? In a nationwide survey 67% of Americans will not bend down to pick up anything less that $1.00. Being a germ freak my limit is $5.00. How about big-time money – would you bend down to pick up a million bucks? That depends on how strong you are, Mortgage Fans. A million one-dollar bills weigh slightly over a ton. But to pick up a million dollars made up of hundreds would be a lot easier as it’s only 20.4 pounds. Let the record show I would pick up both of these regardless of any germs! (except the really gross wrinkly bills).
Wuss’up This Week: The biggest report this week is Friday’s Employment data. The Consensus estimate is that unemployment will be at 9.6% and non-farm payrolls will be up slightly from last month. In theory, any news that is good for the economy will drive rates up, and rates will go down if reports come out with bad economic news.
Interest Rate Update: I recently saw quotes from an economist who thinks 30yr fixed rates will go down to 3.0%. It made me think, if rates went down to zero would I still have a job? Regardless, rates are so, so, so low. If you are thinking of buying or refinancing a home the time to do it is now. And as usual, for any loans over 240k I will waive all lender fees! So be sure to refer your coworkers, friends, and family (even the dysfunctional ones) to me so I can give them this deal and the same great service I have given all of you.
Sleeping Quote of the Day 2: “I just kissed you, rubbed your chest, kissed you again in an impure manner – you never took your eyes off the TV! Ten years ago all I had to do was be awake…sometimes not even that!” – Debra (Patricia Heaton), Everybody Loves Raymond (1996).
Timeout for Trivia: Congrats to all of you last week who correctly guessed Wesley Snipes. 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: “It was on this date in 1984 that my song hit number one on the pop charts. You wouldn’t know me by my last name (Nelson), or the fact that at points in my career I didn’t even have a first or last name. I’ve written hit songs for Chaka Kahn, Sinead O’Connor, and The Bangles. In a 2007 London concert I changed the lyric word from ‘Dynasty’ to ‘Desperate Housewives’ in one of my songs.”