More Than a Feeling
Feelings Quote of the Day: “Feelings are not supposed to be logical. Dangerous is the man who has rationalized his emotions.” – Pearl S. Buck (author, winner of the Nobel Prize for Literature)
Interest Rate Update: What do today’s rates have in common with my high school girlfriend whose doctor botched her nose job? Even though they aren’t as attractive as they were a week ago, they’re still beautiful. A 30-yr fixed remains in the low to mid-4’s while ARM rates are about a point lower. As usual, please let your friends, family, and coworkers know that for any loan over $240k I will waive ALL lender fees (a $1,500 savings!).
Wuss’up This Week: Question: What did Ben Bernanke say last week that reminded me of what my high school girlfriend with the botched nose job said when she dumped me? Answer: No more stimulus. Bernanke said it’s now up to Congress to figure out solutions. This did not bode well for rates last week. Can anything bring them back down this week? Maybe. Today at 9:30 am we’ll see ADP’s Employment report. A weakness in employment can bring lower rates. Friday’s Employment report will have an even bigger impact as payrolls are predicted to be up 80k and unemployment predicted at 9.1%. A weakness in either of these numbers will bring rates down…
Feelings Quote of the Day 2: “I have a bad feeling that whenever a lesbian looks at me they think ‘That’s why I’m not a heterosexual.’” – George Costanza (Jason Alexander), Seinfeld (1992)
Can’t believe I am saying this because my religion forbids me to like any remake of a classic movie, but the new Footloose preview looks pretty good.
Timeout for Trivia: Congrats to those of you who guessed Steve Guttenberg as last week’s answer. Want to be entered into a drawing to win a box of Cap’n Crunch (plain, not with crunchberries)? Simply email me the correct answer to this week’s “Who Am I?” question. Good luck: “I may turn 62 today but you’re still looking at People’s Sexiest Man Alive (1999). You don’t believe me? Just ask Debra Winger, who liked mayo on her sandwiches (in ’82) or Vivian Ward (in ’90) who liked me on her! And for the record – I love women, not anything you could find in a pet store.”