The Things I Cannot Change
Acceptance Quote of the Day:“Certainly tolerance and acceptance were at the forefront of my music.” – Bruce Springsteen
Wuss’up This Week: Inflation to interest rates is like Kryptonite to Superman (that sounds like one of those fill-in-the-blank ACT questions, doesn’t it?) and this week we’ve got two humungous reports coming out that are a measure of inflation. Tomorrow we have the PPI (producer price index) that measures inflation at the producer level. On Friday we have the CPI (consumer price index) which measures at the consumer level, and Capacity Utilization which is expected at 79% (a figure above 85% is viewed as inflationary). If these reports come in good we can expect rates to drop slightly; but if they come in bad rates will balloon up.
Interest rates have remained stable as of late. The 30-year fixed is in the middle 3s with ARM rates about a point lower. Don’t forget that rates are based on type of home, equity in the home, credit score, and if the Bears beat the Packers Thursday night.
Don’t forget to let your friends, family, coworkers, and dumb Family Feud contestants know that for any loan over $240k I will waive all lender fees. This is a $1,295 savings! Be somebody’s hero and forward this blog to anyone who might need it.
Acceptance Quote of the Day 2: “Hamburger Helper only works if the hamburger is ready to accept that it needs help.” – @TrolleyCat
Timeout for Trivia: Congrats to those of you who guessed Stevie Nicks as last week’s answer. Want to be entered into a drawing to win a $10 gift card to TGIFridays (I know, is this a prize or punishment?). Simply email me the answer to this week’s “Who Am I?” question. Good luck: “I’d be celebrating my birthday on Friday if I was still alive. Adele credits me for my success in the US smoothing the way for her own. Spin magazine said I was ‘the Nirvana moment’ for women like Lady Gaga and Florence [& the Machine]. Nirvana? Well, like Cobain I did die young. People found it sad/funny/ironic that I won a Grammy for Song of the Year in 2008 but couldn’t be there to accept the award as I was in the same place I’d been singing about.”