Stable Rates, Good Ideas, and Bad MTV Videos
Idea Quote of the Day: “Man’s mind, once stretched by a new idea, never regains its original dimensions.” – Oliver Wendell Holmes
Free Money! I’m giving $25 Amazon gift card to anyone writing me a (positive) review. It can be on Yelp, Facebook, Google Plus, NPN, etc. Just send me the link showing you’ve done it and I’ll send the card.
Today in Economic History: It was on this day back in 1937 that a contract was signed between Congress Industrial Organizations Chief John Lewis and U.S. Steel President Myron Taylor. This contract, spurned by successful strikes by plant workers, legitimized labor unions in the world of corporate America. So… unions became legit in 1937 but who would’ve thought an unusual union would lead to one of the worst MTV videos of the 80s.
Wuss’up This Week: Every day economic reports are released that can sway interest rates in either direction. Today we’ve got a 10-year Note Auction, tomorrow Jobless Claims, and on Friday the biggie – Employment Numbers for February (195k new jobs predicted, with the unemployment rate dropping to 4.7%). Anything that is economy-friendly will cause rates to go up, and vice-versa if the numbers come out weaker than expected. Where are rates, you ask?
Interest rates remain in their happy place of low-4s for a 30-yr fixed, and ARM rates about a half a point lower. As usual rates will vary based on type of home, equity in the home, credit score, and how much you know about the Library of Congress.
Don’t Forget to Remember: Any purchase or refinance loans over $240k I will waive HALF of the lender fees – a $800 savings! Grab yourself a cup of instant karma and pass this info onto any friends, family, coworkers, or people that love trick shots.
Idea Quote of the Day 2: “Edison stole the idea for the lightbulb from the lightbulb that appeared above his head when he got the idea for the phonograph.” – @meganamram
Timeout for Trivia: Congrats to those who guessed my brother’s favorite group last week – The Spice Girls! Want to be entered into a drawing to win KitKat Sushi Bars? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this date in 2003 I married my wife third wife was almost 20 years younger. When I was younger I played a rather large man in a movie (Bradley Cooper has revived that role on Broadway). Maybe you might know me better as the guy with an eating disorder in my 1991 movie that I won Best Actor for. In that movie I starred with a woman who, much earlier in her career, starred in a movie that led to an assassination attempt.”