Pizza, Bad Music, and Rising Rates
Pizza Quote of the Day: “Every pizza is a personal pizza if you try hard and believe in yourself.” – Demetri Martin
I don’t want to say the 80s was the worst decade for rock music ever, but here’s a link to the top songs the last week of February 1983.
This Week in Economic History: It was on Leap Year – February 29th, 1944 that the Office of Price Administration announced over $1 billion had been made on the American black market in 1943 alone. Profits would only increase as rationing continued throughout WWII. (note: where was this so-called successful ‘black market’ in 1996 when I got stuck with 50 Tickle Me Elmo dolls that no one wanted to buy?!)
Wuss’up This Week: Every day reports about our economy are released into the wild, and it’s these reports that can sway interest rates in either direction. Today we’ve got the Q4 Revised GPD – this is a very important report that measures US economic production. (expected up 2.6%). Tomorrow we’ve got Jobless Claims, and on Friday the U of Michigan Consumer Sentiment Report which shows the indications of consumers’ willingness to spend.
What do my blood pressure and interest rates have in common? They are both still going up. A 30-year fixed rate remains in the low-to-mid-4s with adjustable rate mortgages a little bit lower. As usual rates will vary based on type of home, equity in the home, your credit score, and if you like bloopers from Seinfeld season 9.
Don’t Forget to Remember: Any purchase or refinance loan over I will pay for the appraisal fee – a $400 savings! Grab yourself a cup of instant karma and pass this info along to any friends, family, coworkers, or people that wonder if there are number 1 pencils that can use this gift.
Pizza Quote of the Day 2: “I ate a gluten-free lactose-free low carb pizza for dinner tonight. (It was a raw tomato)” – @Samir
Timeout for Trivia: Congrats to those who last week guessed Jennifer Love Hewitt. Want to be entered into a drawing to win a PanWaffle Maker (yes, combines my two favorite worlds)? Simply email me the answer to this week’s Who Am I? question. Good luck: “On this day in 1985 my group’s song was still # 1 on the US Billboard charts despite being released back in August of 1984 . A synonym title of this song could be Thoughtless Undertone. Another hit from that record had a title with an all-female band’s name (they were popular at the time and made a lot of music when they weren’t vacationing). As a solo artists my biggest album released in ’87 had seven hits including my biggest to date which contained the lyrics “That’s all I wanted/ something special, something sacred .” I died on Christmas day 2016 – wish I was more religious – would’ve prayed for more time on this planet.”