Up, Up, and Away
Flying Quote of the Day: “Aerodynamically the bumble bee shouldn’t be able to fly, but the bumble bee doesn’t know it so it goes on flying anyway.” – Mary Kay Ash
Freud’s Pleasure-Pain Principle worked on the notion that we seek pleasure even if it’s bad for us (see: the 14 Milky Ways I ate from my kids’ Halloween bag). This week is a good example of this principle as people who are waiting for rates to drop may be rewarded or severely punished by this week’s economic reports…
…two of them come out this week dealing with jobs. Tomorrow we have Weekly Jobless Claims (expected 342k), and Friday’s biggie is the Employment Report for October (expected up 133k, unemployment at 7.2%). Both of these reports can greatly sway interest rates in either direction.
For now rates seem to be happy hanging out in the low 4s for a 30-year fixed and high-2s/ low 3s for ARMs. As usual, for any purchase or refinance loan over $240k I will waive all lender fees – a $1,295 savings! Be a hero and pass this info onto any friends, family, coworkers, or mustache champions who would benefit from this.
Last year my doctor injected a green dye into my knee so the damage would show up better on the MRI. I’m thinking this would’ve worked a whole lot better!
Realtors take note: Homes with pools are harder to sell than homes without pools. This one may be the exception.
Flying Quote of the Day 2: “Virgin Airlines should just be itself. It’ll happen eventually.” – Jon Sender (@senderblock23)
Timeout for Trivia: Congrats to those of you who guessed Whitney Houston last week. Want to be entered into a drawing to win a Star Wars light switch? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Today I turn 43. From my last name it was predictable that I’d star in a 1992 Broadway production of a play titled The Seagull. Even though I’m known more for my movies, I call theater my main love (or maybe the nanny I married after I divorced someone Letterman tried to introduce to Oprah). I’ve made some great movies though – in 1994 I starred in my first big flick with an actress who in real life was busted for shoplifting. And then there’s this trilogy where the first movie probably took more than a day to write.”