Real Estate Owned Speedwagon now on tour
Photo Quote of the Day: “When you photograph people in color you photograph their clothes. But when you photograph people in black and white, you photograph their souls.” – Ansel Adams
Wuss’up This Week: The most important report coming out is Thursday’s LEI (Leading Economic Indicators) which is a weighted average of economic variables that indicates the economy’s future. The biggest variables that make up the LEI are workers’ hours, unemployment claims, new factory orders, new housing permits, and stock prices. I don’t think the LEI will be positive because of the news I see from my 80s Bands Theory which measures the number of 80s bands touring at once. (Once residuals stop they are forced to go out and earn money again; the more 80s bands you see touring, the worse the economy). In January alone we have seen Pat Benatar, REO Speedwagon, Bryan Adams, and El DeBarge. Not good, Mortgage Fans.
Interest Rate Update: Rates rose a little on Friday which is typical before a long weekend. With this week being a slow economic week I think rates will remain fairly stable. 30-year fixed rates are hovering in the high 4s/ low 5s, and ARMS about a point less. As usual rates vary based on type of property, equity in the property, and credit score. Please let your family, friends, and coworkers know that for a purchase or refinance loan of over 240k I will waive all fees!
Photo Quote of the Day 2: “Gimme that. All right, you look like a future pedophile in this picture, number one. Number two: it doesn’t even have a first name, it just says ‘McLovin.’” – Seth (Jonah Hill), Superbad (2007).
Timeout for Trivia: Congrats to all of you last week who correctly guessed Patrick Dempsey. Want to be entered into a drawing to win a can of Hawaiian Punch ? Simply email me the answer to this week’s Who Am I? question. Good luck: “In 3 days I turn 66 and you probably think I am the one offering this week’s prize. Nope, don’t identify me as the guy who hit it big in 1980 after 6 failed TV pilots because I’m more than that one show. And don’t identify me as the guy that broke up the marriage of Courtney Cox and David Arquette, although with my good looks, mustache, and hairy chest I can see why she would fall for me.”