Women, spending sprees, and Speedos – oh my!
March 24, 2010
Woman Quote of the Day: “If a girl looks swell when she meets you, who gives a damn if she’s late? Nobody.” – J.D Salinger (Holden Caufield), Catcher in the Rye.Interest Rates: Here we are a week away from the end of Bernanke’s spending spree on bonds and rates are still holding their own. A 30yr fixed remains in the high 4s/low 5s and ARMs are about a point lower. As usual, rates vary based on type of home, equity in the home, credit score, and if I win my NCAA pool.Wuss’up This Week: We’ve got a few important reports coming out this week; the biggest and most important is Friday’s Gross Domestic Product (GPD) which measures US economic output and spending (By ‘US’ I mean our country, not the magazine). The GPD provides economists with a report of the direction of the economy, and it also influences decisions by the Fed. How does this affect interest rates? The mortgage-backed security market responds favorably to weaker GPD growth.Holiday Road: Got my Speedo packed and headed to Florida for a working vacation (my favorite oxymoron). As a result, this blog will skip a week and continue back on April 7th. However, feel free to call me or email me anytime for rate quotes, questions, etc.Woman Quote of the Day 2: “I believe you should place a woman on a pedestal – high enough so you can look up her dress.” – Steve MartinNon-Mortgage Stuff: I just saw the preview for the remake of Karate Kid and I want to vomit. It disturbed me when they remade Bad News Bears a few years ago, but nothing like the rage I am feeling now. When will Hollywood learn to leave the classics alone?! Please join me in boycotting this film when it comes out, Mortgage Fans. If it bombs maybe this trend of remakes will stop. However, if this film has any mild success you’ll be likely to see classics like Gone with the Wind, Wizard of Oz, and Yentl all remade. Do you want that to happen?Timeout for Trivia: Congratulations to all of you who correctly guessed Milli Vanilli as the answer to last week’s trivia question. Want to be entered into a quarterly drawing to win cool stuff? Simply email me the correct answer to today’s Who Am I? question. Good luck: It was in this month that my movie was released back in ’85 about a guy traveling cross country with a Melrose Place star. This movie put me on the map, although I did have a bit part in Sixteen Candles as a geek. I’m not considered a sex-symbol but I could pick up most girls just by holding a boom box up in the air.”PS – I was joking about the Speedo. Seriously.