Ups and downs of marriages and interest rates
July 14, 2010
Marriage Quote of the Day: “A long marriage is two people trying to dance a duet and two solos at the same time.” – Anne Taylor Fleming
Interest Rate Update: We may not have gotten the Olympics, and we lost out on the LeBron James sweepstakes; but it’s a proud fact that Chicago has the lowest interest rates in the country. That’s right, Mortgage Fans. Lowest rates in-the-entire-country!!! …….Okay, I made that up just to boost everyone’s self-esteem. Rates are the same wherever you live. But the good news is that for the 6th consecutive week rates on a 30yr fixed are below 5% and ARMS are about a point lower. Don’t miss the boat on a home purchase or refinance. As usual, I will do these loans for free if the loan is over 240k. Please spread the love and pass my name and number to anyone you think would benefit from this.
Mortgage 101: This week’s biggest report will be Thursday’s Capacity Utilization where the consensus is that it will come in at 74.2%. Any figure above 85% is viewed as inflationary and bad for rates. Just what the heck is Capacity Utilization? It’s the relationship between actual output that ‘is’ produced by machinery and equipment and the potential output which ‘could’ be produced with it if capacity was fully used… I just copied that word for word from Wikipedia and I still don’t get it. Before today I would’ve told you Capacity Utilization was stretching out my sweatpants after eating at the Chinese buffet.
Marriage Quote of the Day 2: “Marriage is like a tense, unfunny version of Everyone Loves Raymond, only it doesn’t last 22 minutes. It lasts forever.” – Pete (Paul Rudd), Knocked Up (2007).
Timeout for Trivia: Congratulations to all of you who correctly guessed Huey Lewis last week. Want to be entered into a drawing to win cool stuff? Simply email me the answer to this week’s Who Am I? question. Good luck: “It was on this date in 1994 my movie about being a spy premiered. In the movie my wife did not know I was a spy. In real life there are things you may not know about me either. How about the fact that I did not go to my father’s funeral because I wanted to go to the gym instead. Or how about the fact that I would make a lousy kindergarten teacher. One thing you may know is that comedian Kevin Nealon created two funny characters after me for Saturday Night Live. What’s that, you’re doubting that fact? Hear me now, believe me later, girlie man!”