Pringles! Nudity! Low Rates!
Naked Quote of the Day: “I always say” to be well dressed you must be well naked.” – Oscar de la Renta
Today in Economic History: It was on this day in 1966 that the senate adopted legislation to raise the country’s minimum wage up to….. $1.40 an hour.
Wuss’up This Week: Every day reports about our economy are released into the wild. It’s those reports that can sway interest rates in either direction. Today we’ve got the Treasury Budget being released at 1:00 CST, tomorrow Jobless Claims, and on Friday Retail Sales (this report will be better than expected, I just bought a 5-pound container of Pringles at Costco). If these reports are good for the economy expect rates to go up, and vice-versa if the numbers disappoint.
Interest rates remain in the high-3s/low-4s for a 30yr fixed, with ARM rates about a half a point lower. As usual rates will vary based on credit score, type of home, equity in the home, and if the home is painted something crazy.
Don’t Forget to Remember: Any purchase or refinance loan over $240k I will waive HALF the lender fees – an $895 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or Simpsons fans that can use this gift.
Naked Quote of the Day 2: “I know it’s normal to be naked in front of your doctor, but I still get really self-conscious every time I go to the optometrist.” – @meganamram
Timeout for Trivia: Congrats to those who last week guessed Jeff Foxworthy. Want to be entered into a drawing to win a Banana Hammock? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was this week in 2005 – almost two months after its release – my movie about not being invited but still showing up continued to stay near the top of the box office. You might remember my costar in that movie – he’s a guy who made Gaylord feel inferior in a De Niro flick. We also starred together in a movie about a game you feared playing in junior high if you were a small, wimpy kid. My favorite movie, you ask? Probably the 1996 independent film that started my career and made me lots of money and money.”