Wedding Quote of the Day: “Keep your eyes wide open before marriage, half shut afterwards.” – Ben Franklin
Wuss’Up This Week: Today we have the Existing Home Sales report, which is of low importance compared to Friday’s New Home Sales report (which is predicting 295,000 new sales). These reports are an indication of economic strength and credit demand, and can sway rates up with good news or down with bad. Also this week, be sure to open your wallet for the 5-year Treasury Note Auction (today) and 7-year Treasury Note Auction (Thursday). A strong demand for these will lead to lower rates.
Interest Rate Update: Up a tick from last week; they’re still strong, with 30-yr fixed rates in the high 3s/low 4s and ARM rates about a point lower. Don’t forget that rates vary on type of home, equity in the home, credit score, and if you agree with this list of Top 100 Greatest Dogs of Pop Culture History.
Money Fact ‘o the Day: If you had 10 billion $1 bills and spent one every second of every day, it would take 317 years for you to go broke. (Side note: if you had my wallet and spent the money in it every second of the day it would take you 6 seconds to go broke).
Wedding Quote of the Day 2: “I hate it when old people poke me at weddings, point and whisper, “You’re next.” So I’ve started doing the same thing to them at funerals.” – Jeannette Morales (@Starrlett17)
Timeout for Trivia: Congrats to those who guessed Chris Farley as last week’s answer. Want to be entered into a drawing to win a bowling trophy? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “I turn 37 today. For my 20th birthday Spielberg gave me a quilt with a note that said, ‘Cover yourself up,’ referring to my 1995 issue of Playboy. It’s hard to blame him – he’s so used to seeing me as a little girl. (And it’s more than what Letterman gave me!). I like to make all kinds of movies, but if you call me up and ask me what my favorite scary movie is, you might freak me out.”