Radios, Rates, and Munchkins
Diet Quote of the Day: “I’ve been on a diet for two weeks and all I’ve lost is fourteen days.” – Totie Fields
Did’ja Know: Amazon CEO Jeff Bezos makes $52 million a day, over $2 million an hour, and in the time it takes you to read this blog he will have made around $50,000. (*yes, that is $50k more than I just made)
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 Fed Meeting coming to an end which means there’s a 97% chance they will raise the prime rate today by .25%. Tomorrow Weekly Jobless Claims, and on Friday Retail Sales (*Which will be up because I just bought a 3-pack of Axe body spray to see if I can get my wife to be attracted to me like how it works in the commercials).
Interest rates are holding solid in the mid-to-upper 4s for a 30yr fixed with ARM rates a little bit lower. As usual rates will vary based on type of home, equity in the home, your credit score, and if you were a fan of the last surviving Munchkin from the Wizard of Oz.
Don’t Forget to Remember: Any purchase or refinance loan between now and July 31st will get $500 off of closing costs. Grab yourself a cup of instant karma and pass my info along to any friends, family, coworkers, or people who wonder why radio stations begin with K or W that can use this gift.
Diet Quote of the Day 2: “Not to brag but I finished this 14-day diet in 3 hours and 38 minutes.” – @Kauaibride
Timeout for Trivia: Congrats to those who guessed Liam Neeson last week. Want to be entered into a drawing to win a milk and cookie shot maker? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this day in 1988 that I was one of the performers in the one of the biggest charity rock concerts ever (at London’s Wembley Stadium) to denounce South African apartheid. I’m a Beatles fan and sometimes I’ll sing one of John Lennon’s biggest hits when I perform. (hmm.. the title of that song could be another word for my last name). Other musical influences in my life I have actually written songs about (like Bob Marley, and Martin Luther King, Jr.). Jack Black wouldn’t sell one of my songs to a customer in High Fidelity because he said it was a ‘sentimental piece of crap.’ Circling back to the Beatles, the author of this blog thinks my 1982 # 1 song with another Beatle was a piece of crap.”