Using Your Noodle

Thinking Quote of the Day: “At the age of 20 we don’t care what the world thinks of us; at 30, we worry about what it is thinking of us; at 40, we discover that it wasn’t thinking of us at all.” – Author Unknown

Interest Rate Update: A reminder to let you guys know that rates on 10-yr and 15-yr fixed are really low (high 2s/ low 3s)… and if they drop to zero percent I’ve started to wonder if I would still have a job. 30-yr fixed remains a gift in the high 3s/low 4s with ARM rates about a point lower. Don’t forget to tell your friends and coworkers about my blue-light special: For any loan over $240k (purchase or refinance) I will waive all fees – this is a $1,295 savings!

Wuss’Up This Week: Oil prices have fallen following signs of the slowing US economic growth, reports that US inventory supplies are high, and weakness in China’s demand. What does this mean? For one, falling energy prices are good for mortgage interest rates. Secondly…well, that’s all we really care about in this blog. However, rates won’t stay low forever and reports due out this week can sway rates in either direction. Thursday’s Jobless Claims report and 30-yr Treasury Bond Auction are two of the biggies. Hey, speaking of bond auctions just a reminder that you’ve got 15 shopping days left until my birthday and bonds are the top of my list. Just sayin’.

Thinking Quote of the Day 2: “I think I am, therefore, I am. I think.” – George Carlin

Timeout for Trivia: Congrats to those of you who guessed George Clooney as last week’s answer. Want to be entered into a drawing to win a box of Ortega taco shells (ten pack)? Simply email me the answer to this week’s “Who Am I?” question. Good luck: “Today I turn 63. I’ve written and performed top 40 hits in the 70s, 80s, and 90s. Tom Hanks is a big fan of mine (at least you’d think so if you saw his sitcom) and so is my ex-wife, who in my 1985 video appeared as the redheaded girl in a Chevrolet. If you listen to my song from 1989 you’d think we were being blamed for arson.”

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