Ephrata Fair 2010
It was a lovely night until the rain came! Until it rained, here’s what happened.
Your Friend in the health insurance business!
Where’s Brian Been?
Man oh man, I haven’t posted anything since the Ephrata Fair and that was weeks ago. And it was just Flip clips.
Been oh so busy. Lori too. God bless my Rotary pals. A plea for anyone in need of part-time help turned into a 2nd job for Lori. The hours with Scott Eaby work out great with her hours at Ephrata Hospital and all she does on the homefront.
Nathan succombed to arm-twisting by PawPaw to join Cub Scouts. It meets every Monday night at 7, so long school is in session. A parent is required to be there for each meeting in the first year. Right now I’m racing from Kate’s soccer practice to get there on time.
On the soccer front, Mondays, Wednesdays and Sundays, the “Girl Force” (G-Force) is 2-3. We either get crushed or do the crushing, no nail biters.
Tuesday nights is of course, Rotary. Thank God I’m no longer the President!
But the big picture my friends is the realization a couple months back that it will take longer than expected to carve out a profitable niche in mortgage biz on my own here in Ephrata and Northern Lancaster County. Thus I began seeking additional opportunities. For anyone who has been displaced from their work (or is displeased with their work), you know what a frickin joke it is to find a decent job. Good grief, and Lancaster County’s employment picture is supposed to be better than most in the country!
I must admit, this cock-eyed optimist has sorely needed lasik surgery to correct and balance his vision. Heck, even The Boy Who Cried Wolf and Chicken Little both told me to shut the Fu## up with the ”We’ll be all rights” and “It’ll get betters”. We will be all right and it will get better, but right now the Williams family is like a million others, just trying to get by and survive. We last saved for a rainy day 10 YEARS ago, and you know how much it’s rained in a decade.
This blog is for friends and family and clients and people who stumble upon it. I don’t have “tracking” software to let me know who saw it, so if you did, let me know, and pause to share a thought with a comment. I write this to let the world know I’m challenged, and I’m okay with that. Life is like the disclaimer that comes with investing in a stock or mutual fund, “past performance does not guarantee future success.” Brian
Kate Gosselin Meets Brother Weems
Thursday I was at Park City, looking to park near the outdoor fountain shops (which is always next to impossible), and i spotted 3 cars in a row, as if lined up ready to pull into parking spaces. Out of the front vehicle was a blonde with severely sloped hair and oversized superstar sunglasses.
As I pulled down the next row I saw a dude with a camera and bazooka sized telephoto lens. Quickly surmising the situation, i rolled down my window and hollered, “Is that HER?” (meaning Kate Gosselin of course!) He said, “Yes!”
I drove back around, only to see her in her black Toyota SUV pulling out. I called Lori and said, “I’ll give you one guess of who I just saw.” She guessed it right away.
So, thinking the adventure was over, I parked by Penney’s and walked in the mall to go to Wachovia. As I came out of the bank, who should walk right past, but Kate Gosselin. I was confused, as I clearly saw her leave, but what the heck I followed her. I got Lori on the line and start to give the play-by-play. I readied my Flip video camera for anything that might be worth recording.
I don’t know why I expected her to have an entourage, but she didn’t. She walked into the Hallmark store and I stayed out on one of the benches. As she left I was back in pursuit. She stopped to greet a fan before going out the Fountain Shoppes exit. I went out and she was just hanging out by the shrubs near Williams Sonoma. Another fan approached, so I figured what the heck, why not say hi!
“My wife and daughter watch your show ALL the time!” I bellowed.
“Shhh!” She shushed me, “I’m trying to go unnoticed…I want to go over to Ann Taylor without causing a commotion.”
Just then another young girl came up and asked for an autograph. KG pulled out an already signed publicity photo from her purse and gave it to the gushing fan. I said, “You got any more of those? My daughter’s name is Kate too, and she’d love one.” She obliged, I thanked her and left her alone.
After this exchange, I called Lori, who was shopping at WalMart in Ephrata, and she immediately headed for Park City to see if she and our Kate could be part of the action. They made it in there in record time and even went into Ann Taylor, but did not see her.
As I was headed back to my car, I stopped to talked to the paparazzi dude. He’s from NYC and follows whoever in demand. Security rolled up to tell him and his buddy to move along, just she was on her way to her car.
I had seen enough, but Lori & Kate actually followed the photo stalkers on the road as they trailed KG. They tagged along all the way to Berks County before hanging it up.
We felt kind of “dirty” chasing her around, but it was irresistable. It’s a national soap opera playing out on our stage, Lancaaster and Berks Counties, and since the opportunity was there, we played along.
Mortgage Update 8/12/09 Is The Party Finally Ending?
The FOMC, Federal Open Market Committee, agreed to keep short term interest rates unchanged. This is not what affects long term rates, like mortgages however.
The Fed has artificially driven mortgage rates lower by spending a trillion of their own dollars to buy Treasury notes over the last 9 months. They anticipate pulling away from this policy by October.
The stock market is reacting positively to this news, as it is a sign of confidence in overall economic recovery. Couple this with a rise in international sentiment that we are exiting global recession, and you have a market ripe for increase in mortgage rates.
There’s been multiple hikes in mortgage rates today already. Something in the 4’s will soon be out of reach on 30 year loans, even with 3 points. Zero points will soon near 6.0, FHA is alread there and 6.5 is around the corner.
Historically, rates are terrific, BUT we’ve lost our long-term memory and adopted a “what have you done lately for me” attitude. Rates in the 6’s will be a big boulder in the road to full blown economic recovery. Then what? Who knows!
That’s the story for those in the market for for mortgage in Ephrata, PA, Lancaster County and most of the USA. Brother Weems reporting!
Mortgage Re-Cap 8/3 – 8/7
A pretty good week for the nation’s economy as a whole meant bad news for mortgage rates. Existing home sales are up, unemployment is down and Cash For Clunkers jump starting the auto industry are all things pointing to putting the recession in the rear view mirror. I don’t believe it, but it is what it is.
30 year fixed conventional rates are up a quarter from the last week in July. It’ll take a full 3 points to get in the 4’s. No points is looking like upper 5’s. 6.0 seems to be the going rate on government loans.
I think rates will fall back in the next 2 weeks, I’m just not feeling the vibe of economic recovery. We’ll see. For a mortgage in Ephrata and anywhere in Lancaster County, be sure to check in with ol’ Brother Weems at Beacon Mortgage in Ephrata.
Mortgage Update 6/25/09 Christmas in June!
Actually just noting that we are at the halfway point to and from Christmas. The gift is low interest rates and 8000 bucks for first time homebuyers (until 12/1).
Rates are the same or slightly, slightly better than yesterday…see yesterday’s post for more specifics.
Nationally home prices are done 17% year to year for the month of May. That is of course a national figure, in Ephrata we’re probably holding steady. The 100k to 200k market still is active and selling well.
I pass by Landmark’s new “active adult” community every day. Fun to see it all put together. Curious about the interest in homes there for those 55+.
That’s today’s ramble on the mortgage market in Ephrata! Brother Weems reporting!
Mortgage Update 6/5/09 Uggghhh!
I don’t know, it just hasn’t been good news lately. Four price changes today, all dragging rates higher and higher.
Rates are a full point higher than they were just 2 and a half weeks ago. On most of my rate sheets from investors, 4’s don’t even appear anymore. The number “6″ was a foreigner for months, and now it’s on the screen again.
It appears some economists are fearing inflation. The “i” word is the biggest enemy of low interest rates. That’s behind some of the rise in interest rates.
It sounds almost bizarre to think rates in the mid 5’s are “high”, but that’s the environment we are in. Mid 4’s was insane. And they are probably just a memory. Stay tuned! That’s mortgage story in Ephrata, PA and around the globe! Brother Weems reporting.
Mortgage Update 5/28/09: OUCH!!!
Holy cow! Rates are up a half point from just yesterday! Up 3/4 since last week. Government rates like FHA and VA are up a full point in this short time!
While rates are still phenomenal compared to most times in history, this sudden jump is painful, if you didn’t get in while the gettin was good.
Conventional loans are in the 5.25-5.5 range with 1 point and FHA is probably closer to 6.
In real dollars, the difference in cost in monthly payment on 150,000 at 4.5 vs. 5.25 is a 100 bucks…not a fortune, but a significant number nonethelesss.
A survey of mortgage professionals at bankrate.com had only 7% predicting higher rates! I stil think they will come back down…but who knows???
Stay tuned! That’s the mortgage update in Ephrata, PA! Brother Weems reporting!
For more scholarly analysis, click below.
http://money.cnn.com/2009/05/28/markets/thebuzz/index.htm?postversion=2009052813