The Apple Doesn’t Fall Far…
Family Quote of the Day: “Families are like fudge – mostly sweet with a few nuts.” (Author Unknown)
Wuss’up This Week: Three big reports are released this week that can sway interest rates in either direction. Today we have the Fed Beige Book which details current economic conditions across the country. Tomorrow we have Weekly Jobless Claims (expected number – 345k) and Friday we have the Levi 34 Report (breaking my Levi shorts out from last summer to see if my waist has grown from a 34. Expected number – 36). Any negative signs from these reports could lead to lower rates, and of course, any strength can lead to rates going up. Where are rates, you ask?
Interest Rate Update:Rates continue to be beautiful, Mortgage Fans. ARM rates are down to the mid-2s with 30-year fixed rates about a point higher – and if your name is Mark Zuckerberg you’d be at 1%.
Family Quote of the Day 2: “She is your family…of course she’s going to be judgmental and condescending.” – Cam (Eric Stonestreet), Modern Family (2011).
Timeout for Trivia: Congrats to those who guessed Sandra Bullock last week. Want to be entered into a drawing to win a used Dell keyboard? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “On Saturday I turn 61. I may be strange but I’m not from outer space. I’m annoying on talk shows because I get super-hyper and rattle off 100 jokes in a minute, but I can also be calming and play dramatic roles, such as in the 1997 movie where I counseled a genius and ended up winning an Oscar for Best Supporting Actor.”