Playing Quote of the Day: “We don’t stop playing because we grow old, we grow old because we stop playing.” – George Bernard Shaw (playwright)
Wuss’up This Week: For a short week there sure is plenty going in the economic world. Today we’ve got the Revised Q2 Productivity Report: This is a measure of output per hour (which is low if it just measures me, since I just spent 40 minutes watching the worst music videos of the 80s.) Tomorrow we have reports on employment (ADP and Weekly Jobless Claims), and also Friday’s Employment Report for August (expected to show the unemployment rate at 8.3% and payroll jobs increased by 135k) that all can affect rates big-time. Weakness in any of these reports will most likely lead to lower rates. But…any unexpected positive news will turn interest rates the other direction.
Interest Rates continue to stay low. 30-year fixed rates remain in the mid 3s with ARM rates about a point lower. As usual, for any loan over $240k I will waive all lender fees – this is a $1,295 savings! Please be sure to let your family, friends, coworkers, and mothers-in-law know this great deal. You will be their hero.
Playing Quote of the Day 2: “Is that how you want to play it, Brooke? Because I can play it like that. I can play it like Lionel Richie ‘All Night Long’.” – Gary (Vince Vaughn), The Break-Up (2006)
Timeout for Trivia: Congrats to those of you who correctly guessed Cameron Diaz last week. Want to be entered into a drawing to win a big bag of cotton balls (retail value $7.99)? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “it was on this day in 1981 that my album went to #1 on the US charts. It does help that it featured duets with Tom Petty and Don Henley, but sometimes it takes a lot more than one person. In 1979 my group used the USC Trojan Marching Band for one of our singles, setting the record for most participants in a Top 10 song. In 2007 I heard reports that Lindsay Lohan was interested in buying the rights to my life story and developing a motion picture in which she would play me…but those are just rumors.”
Message to my wife: With the NFL season kicking off tonight please put our marriage on hold until after the Super Bowl. Yeehaaa!