Rapping About Rates, Super Bowls, and Jobs
Rapping Quote of the Day: “When I’m no longer rapping I want to open an ice cream parlor and call myself Scoop Dogg.” —Snoop Dogg
This Date in Economic History: Back on this date in 1964 the 24th amendment to the constitution was passed which outlawed the poll tax — a piece of legislation intended to oppress the voting rights of African American and poor voters. How many people would vote today if this tax was still in place?
I wasn’t going to do this but then I saw you get a $100 NFL Shop gift card.
Wuss’up This Week: Every day economic reports are released which can sway interest rates in either direction. This week is the biggest of the month when it comes to employment as we have ADP Employment Report today (190k expected), Jobless Claims tomorrow, and January Jobs Report on Friday (188k expected). While all three of these are big, Friday’s carries the most weight.
Interest rates remain in the high-3s/low-4s for a 30yr fixed, with ARM rates about .50% lower. As usual rates will vary based on type of home, equity in the home, credit score, and if you believe Keanu Reeves belongs this high on the list.
Don’t forget to remember: Any purchase or refinance loan over $240k I will waive all lender fees – a $1,050 savings! Grab yourself a cup of instant karma and tell any friends, family, coworkers, or fans of the Beatles rooftop concert that can use this gift.
Rapping Quote of the Day 2: “Auctioneers are proof white guys could rap if they tried hard enough.” —@iNusku
Timeout for Trivia: Congrats to those who guessed Gwen Stefani last week. Want to be entered into a drawing to win Wood Stump Slippers? Simply email me the answer to this week’s Who Am I? question. Good luck: “Yesterday I turned 62 but I don’t look it! You might have seen me grace the covers of Sports Illustrated, as well as a bunch of other magazines. And you might’ve seen me in a handful of MTV videos. I’ve dated musicians and race car drivers but I don’t condone speeding. That means you, Clark – keep your eyes on the road!”