Barry’s Blog: Busy Again!

BarrysBlog_FBI read a nice article in Sunday’s Tribune about Realtors getting busy again. (yes, there is still someone who reads newspapers). I feel that April was just the tip of the iceberg, and that you will be pleasantly surprised by the rest of the spring (and summer and fall) market. More good stuff:

Cinco De Quatro
A reminder that Perl Mortgage is sponsoring First Mondays – a happy hour on the first Monday of every month (so you won’t get depressed on Sunday nights) at Jameson Real Estate. It will take place on May 4th in the Jameson basement from 6:00 – 8:00. There will be comedy, drinks, and a ton of food. I’m going to wear my fat pants so I can eat and drink and not feel bad about it. You should too! Like Christmas morning, a warm day at Wrigley Field, or faking sick when you were a kid to miss school – First Mondays is a guaranteed good time. Hope to see you there.

Interest Rates
Like my college girlfriend they have been moody lately – up one day, down the next. Right now a 30yr fixed is at around 4.875% – give or take depending on equity and credit scores. They are still beautifully low though, and unlike my high school girlfriend – they will not stalk you. 5 year ARMS are around a quarter less.

ARMS
Adjustable rate mortgages are starting to make a comeback. How quickly the banks forget that it was these ARMS adjusting that started this whole mess! Rates on a 5 year ARM ranges from low to mid 4s. Only get these if you plan on owning the home for a short period of time.

Trivia
Last week’s answer was Tony Danza (Who’s the Boss). Today we celebrate the birthday of an actress who was brought up as a Buddhist, graced the cover of Rolling Stone in 1989, played an assassin named Beatrix Kiddo, and married/divorced an actor who has a last name of a bird. After the divorce she went on Oprah and said she was betrayed by him, but remains strong. Her kids might say of the divorce, “Mama unhurt,” which took me two hours to come up with this morning (its an anagram of her name). Email me who you think it is and win a $5.00 Starbucks gift card.

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