Underwear Quote of the Day: “Humility is like underwear: essential, but indecent if it shows.” – Helen Nielsen (writer)
Wuss’up This Week: After a relatively bland week last week, this one more than makes up for it. Lots of economic reports will be released that can swing interest rates in either direction. Today, we have a 30-year Treasury Bond Auction that will push rates lower if there is a strong demand (these make great Christmas gifts, by the way). Tomorrow’s CPI (Consumer Price Index) is expected to be up 0.5%, but if there are signs of inflation it will lead to rates going up. And Friday, the University of Michigan Consumer Sentiment report is released, which in an indication of consumers’ willingness to spend (and speaking of U of M, I spent my Saturday night watching that crazy game).
Interest Rate Update: Rates have been going the wrong way the last few days, but they are still beautiful. 30-yr fixed remains in the low 4s with ARM rates about a point lower. Remember, rates are like snowflakes, fingerprints, and Lucky Charms marshmallows: no two are exactly alike. Rates vary based on type of home, equity in the home, and credit score.
Underwear Quote of the Day 2: “When I die, if the word ‘thong’ appears in the first or second sentence of my obituary, I’ve screwed up.” – Albert Brooks (actor)
Timeout for Trivia: Congrats to those last week who guessed Hugh “what was I thinking?” Grant. Want to be entered into a drawing to win a $20 I.O.U from my brother dated April 1979 (which gives you the right to collect on it with interest)? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “I turn 65 tomorrow but I’m not near retiring, even though most of my movies – especially my unforgettable action franchise, with a third installment coming out next year – have finished in the black. In ’93 I won an Oscar for Best Supporting Actor. I probably could’ve been nominated for Best Actor, but I don’t care. (That’s the same line I said to my co-star in the movie…he didn’t win an Oscar, but he did prove he could be an Olympic diver.)”