Dirty Quote of the Day: “I learned long ago never to wrestle with a pig. You get dirty, and besides, the pig likes it.” – George Bernard Shaw
What do my underwear and interest rates have in common? They’re both creeping up, and that makes me uncomfortable. 30-yr fixed rates are hitting the mid 3s with ARM rates about a point lower. But rates are still beautiful, Mortgage Fans – and it’s a great time to buy or refinance your home. What’s that? You want a deal? Okay, for any loan over $240k I will waive all lender fees – a $1,295 savings. Please be sure to tell all your coworkers, family, friends, and imaginary friends about this deal.
Wuss’Up This Week: Last week inflation started to make its presence felt in the economic reports. If interest rates were a junk food, then inflation is the high fructose corn syrup, because it’s the worst thing we want to see, and why rates bumped up. (The girl that sits next to me is teaching me how to eat right. Up until yesterday I thought “high fructose corn syrup” was a fancy name for Aunt Jemima.) This week? The New Home Sales report is released this morning (expected number: 365k), and tomorrow we have Weekly Jobless Claims and Durable Goods Orders. All three of these reports can sway rates in either direction.
Dirty Quote of the Day 2: “‘I’m such a dirty, dirty girl’ sounds a lot better than ‘too lazy to shower.’” – Susan Grober (@BettyLies)
Timeout for Trivia: Congrats to those of you who guessed Edward Norton last week. Want to be entered into a drawing to win a slightly used 8-pound bowling ball? Simple email me the answer to this week’s “Who Am I?” question. Good luck: “Yesterday I turned 36. Isn’t it ironic that I broke off my engagement with a famous singer in 2007? No, it’s not – I’m People Magazine’s Sexiest Man Alive! In one of my movies I was engaged to a girl who likes speed so much she made a sequel on water. Am I conscious of our environment? Well, in my 2010 movie I showed that superheroes should go green.”
I’m starting to think the Mayans were correct about the world ending this year. When the next world is created and they trace back how our world died, it will certainly point to this fact as the beginning of the end.