Taking a Dip
Swimming Quote of the Day: “Don’t wait for your ship to come in – swim out to it.” – Author Unknown
Wuss’Up This Week: The Euro debt crisis continues to help rates improve. Last week, S&P credit-rating downgrade rumors for France helped rates, as investors continued to find homes for their money in US bonds (Side note: By ‘US bonds” I mean our financial notes, not the rhythm and blues singer Gary U.S. Bonds). Besides France, we will also most likely see downgrades to Spain, Portugal, and Italy. Meanwhile, here in the states we have two report biggies this week that can sway interest rates in either direction. Tomorrow’s Consumer Price Index (a measure of inflation) and 10-year Treasury TIPS Auction can drive rates up or down.
Interest Rate Update: The 30-yr fixed rates have been fluctuating in the high 3s/low 4s with ARM rates about a point lower. Don’t forget that rates vary based on credit score, type of home, equity in the home, and the Packers being eliminated from the playoffs – yeeehaaa! Also a reminder: for any loan over $240k I will waive all lender fees, which is a $1,295 savings. Yeeehaaa again.
Swimming Quote of the Day 2: “My mom said she learned how to swim when someone took her out in the lake and threw her off the boat. I said, ‘Mom, they weren’t trying to teach you how to swim.’” – Paula Poundstone (comedian)
Timeout for Trivia: Congrats to those who guessed Kirstie Alley as last week’s answer. Want to be entered into a drawing to win a Slinky? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “It was on this date in 1996 that I filed for divorce from my singer husband. Would my father (a king) have approved of this marriage (to another king)? The marriage didn’t last too long, but it was a helluva lot longer than my 108-day marriage to a guy who once lost his fiancé in a Vegas card game.”