Fixed-rate 30-year mortgages have fallen a hair under 6% for the first time in something like 40 years. MSNBC reported a 5.95% average rate.
Just by way of perspective: from 1880 to 1965 – 85 years – there was never such a thing in this country as a home mortgage at more than 6%. (And […]
EIGHT GREAT YEARS
Today is our eighth anniversary. I’m stuck out West asking people for money for the upcoming election, but that’s OK, because it’s part of a process. At some point a majority of Americans, and their representatives in Congress, will decide that a gay couple that’s been together eight years is […]
I know room service has specific menus, but from time to time I remember that at many finer hotels you can ask for more or less anything.
‘Would you happen to have a grapefruit in the refrigerator?’ I asked.
It was past midnight, and I figured I’d be good for a change. How wrong can […]
John Mandeville: ‘I think you’re right about dips on the market per Friday’s column. I have had in the back of my mind, ‘when the market goes up, I’m selling and getting out of this rat race for a while.’ Well, as it turns out, everyone around the coffee break table is thinking the […]
Here’s the problem with the stock market. Before . . . remember before? . . . whenever it would fall from seemingly high heights, it would shortly bounce back to even higher heights. People learned that dips were buying opportunities, and that became somewhat self-fulfilling. They’d ignore underlying value and just buy, knowing that the […]
There was talk yesterday the Fed might take rates down yet again later this year. There are two pieces to any Fed move. One is economic, the other psychological.
Economically, even-lower short-term interest rates might help the economy and help the stock market. All those who borrow at ‘one over prime,’ say, […]
I’ve mentioned the advantages of Priceline.com when you’re booking a hotel room and you’re sure you won’t have to change your plans. And the advantages of Expedia.com when you might have to change your plans.
I look to see what Expedia can offer, then try to do 40% better at Priceline. […]
Quote of the Day
On Hollywood Squares, gay comedy writer Bruce Vilanch was asked: You are the most popular fruit in America. What are you? His answer: Humble. (The correct answer? Banana.)~.
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