Friday, February 29, 2008

Leap Year Math Issues

1) If Raenell was born in 1960, but has only had 10 birthdays on her birthday, how could she be 40 in the year 2000?(Answer: Because 1960 was a Leap Year so Raenell must have been born on February 29.Note: See how it is worded? "on her birthday" - we can only celebrate our birthday ON our birthday, in Leap Years.)

2) If Peter was born on February 29, 1956 and in 2004 turned 12 Leap Years on his birthday, how many years old is Peter?(Answer: 48. The key is 12 Leap Years vs. how many "years" without the Leap, literally!)

3) If Caroline was born February 29, 2000, how many birthdays will she celebrate, on her birthday, by 2008?(Answer: 2)

4) If Jim was born February 29, 1976, how many times did he celebrate his birthday ON his birthday, by 2005?(Answer: 7. Seven times four is 28. In 2005 Jim would be 29.)

It's Leap Year - what does it mean to it's babies?

1.) Leap Year Day Babies born in 1884 had no birthday during their entire teen-age years. Why?Because 1900 was not a Leap Year.
In 1888 they were 4 at 1. In 1892 they were 8 at 2. In 1896 they were 12 at 3.
Since 1900 was nota Leap Year, there were 8 years before they could celebrate again on February 29. So, in 1904they were 20 at 5. Not one single teenage year was celebrated ON their birth date.

Another way to pose the question is:Leap Year Day Babies celebrate their birthday on their birth date every four years. But those bornin 1884 couldn't celebrate on their 4th birthday when they turned 16. Why?

2.) Leap Year Day Babies will never have a "Golden Birthday". A Golden Birthday is when your age matches the number of the day of the month you were bornon.
Leap Year Day Babies will have to be 116 before they turn 29 on the 29th!

Thursday, February 28, 2008

Mortgage News

Everyone has seen the news that the Fed has cut interest rates several times recently. The general public naturally thinks mortgage rates have been going down. Unfortunately that is not the reality. The 30 year fixed rates are up over .5% since the last Fed cut. The big news that most people miss pertaining to the recent Fed cuts is how it affects the adjustable rate loans.

For example, all equity lines of credit loans are tied to the Prime rate. Prime is now at 6%. In the summer of 2007, Prime was at 8.25%. That means, if you owed $100,000 on your line of credit and you paid the rate of Prime plus zero margin, your payment was $687. Today your monthly payment is only $500. We've been conditioned over the past 5 years to think adjustable loans are bad because they only go up when they adjust. For the next 2-3 years, adjustable loans will be outperforming the fixed rate loans.

Many borrowers have adjustable rates that are scheduled to adjust this year. Everyone has been conditioned to be afraid of the "day of reckoning" when their loan makes its first adjustment. They are all going to be in for a pleasant surprise.

Quick update on the higher conforming loan limits - although the bill was signed by the President over two weeks ago, it may be many more weeks before we are able to offer the new higher loan limits. We do expect the higher FHA loan limits to go into affect in the next two to three weeks. I want to remind you that FHA is an awesome option for your clients that have less than 20% down payment or less than perfect credit or need help to qualify. If you are not completely comfortable with FHA, get hold of me and I'll give you an overview of the benefits of the program as well as what to watch out for when writing contracts. FHA is simple and you need to know it. I have put together a booklet that covers everything you need to know.

Rainbow Bridge

I received this today and it is a tribute to our four footed friends. Get your kleenix out.

Just this side of heaven is a place called Rainbow Bridge.
When an animal dies that has been especially close to someone here, that pet goes to Rainbow Bridge. There are meadows and hills for all of our special friends so they can run and play together. There is plenty of food, water and sunshine, and our friends are warm and comfortable.

All the animals who had been ill and old are restored to health and vigor. Those who were hurt or maimed are made whole and strong again, just as we remember them in our dreams of days and times gone by. The animals are happy and content, except for one small thing; they each miss someone very special to them, who had to be left behind.

They all run and play together, but the day comes when one suddenly stops and looks into the distance. His bright eyes are intent. His eager body quivers. Suddenly he begins to run from the group, flying over the green grass, his legs carrying him faster and faster.

You have been spotted, and when you and your special friend finally meet, you cling together in joyous reunion, never to be parted again. The happy kisses rain upon your face; your hands again caress the beloved head, and you look once more into the trusting eyes of your pet, so long gone from your life but never absent from your heart.

Then you cross Rainbow Bridge together....

Author unknown

Here is the link for the pretty version.

Audience with Hayward's Mayor

Today I have an audiance with Mike Sweeney, Hayward mayor at the Central County Marketing Meeting. Mr. Sweeney was there to educate us on some of the workings that are taking place in Hayward.

Here is some of the news:
New Downtown Theatre due to open in October/November 2008
They have a new City Manager that adds flavor to the City

Speaking honestly the City has four challenges to meet:
1. Schools
2. Crime
3. Clean up Hayward
4. After School Program

These issues all run together and the city wants to work together with school board to resolve.
People leaving communities for better schools.

They will be working on Academic Performance, Discipline and Crime Safety in the schools.
Hayward School Test Scores slightly better than Oakland
School Board Election in November

As always the key to values lie in the quality of the schools and that seems to be where they are directed.

Monday, February 25, 2008

Blue Jean Day - Trivia

Jeans was a blue twilled cotton cloth milled in Geneo, Italy. The French weavers called the town "Genes" - and that's how we got the word "jeans".
Blue jeans were invented by Levi Strauss during the Gold Rush of the 1850s. Selling canvas to the miners, he started stitching it into pants. In the 1860s, he replaced the canvas with denim. Worn as work pants for years, they became fashionable in 1935 when a model wore then in Vogue magazine.
Taken from Celebrate the Date

Thursday, February 21, 2008

Wrapping Up this Week

As this week comes to a close we have had a swoon of activity in our market place. Here are some comments that I picked up form Realty Times that may help put a few things into perspective.

Now let's turn to market developments still ahead: No one is predicting any quick turnarounds or sudden bursts in sales, but think about these facts:

Thirty-year mortgage rates continue to be in the mid to upper 5 percent range -- among the lowest in half a century. If they stay low, most economists agree they will stimulate home sales.

Federal Reserve chairman Ben Bernanke told Congress last week that he is committed to lowering short-term rates even further to help stimulate the economy -- and hinted that the Fed could cut rates another half point in mid March.

The new, higher mortgage maximums for Fannie Mae, Freddie Mac and FHA will kick in by mid-March and should help thousands of first-time buyers in high-cost markets like California and the Northeast and ultimately help clear out some of the unsold inventory clogging those areas.

Combine low-cost money with sharply lower prices and at some point, you hit bottom -- flatten out -- and sales begin to pick up.

Downcycles aren't forever, nor are upcycles.

Wednesday, February 20, 2008

Bissextile - Leap Year

bissextile adjective

referring to a leap yearbissextile

noun [C]a leap yearbissext (also bissextus) noun [C]

February 29th, the extra day in a leap year‘Let’s leap for joy – today is Bissextile Day! … Calm down, this story has nothing to do with gender preferences. Bissextile is the official name of the leap day we add every four years to keep our calendar in kilter.’

(The Virginian-Pilot, 29th February 2004)Contrary to what you might think, the word bissextile has nothing to do with issues of sexual orientation or gender! It refers simply to a leap year - a year containing February 29th and therefore a total of 366 days. A noun derivative bissext refers to the extra day itself, though leap day is a common alternative in much wider use.

February 29th is often technically referred to as an intercalary day, intercalary being an adjective of Latin origin used to describe the insertion of an extra day in the calendar to harmonise it with a solar year.A recent coining on the same topic is the countable noun leapling, used to refer to a person born on February 29th.

Twenty-first century leaplings can be united through a dedicated website, A recent quote from the site states:‘… Now you will always know someone born on the same day as you. If your child was born today, February 29, 2004 – Leap Year Day – Congratulations!

Please register your little Leapling with us …’-ling is a suffix often used to imply that a person or thing is small or very young, as illustrated by words like duckling, seedling etc. In the same way, leapling is often reserved for a newborn leap day baby, also affectionately referred to as a leapy.

The countable noun leaper is a slightly less recent general term for a person born on February 29th. The website also humorously promotes a range of related terms, including an adjective leapless, which describes a person not born on February 29th, and a noun leapship, which refers to a relationship between two people both born on a leap day. Background

The word bissextile in fact has its origins in the sixteenth century, deriving from the Latin term bissextilis meaning ‘having an intercalary day’. In the Roman calendar, the sixth day before the ‘Calends of March’ (i.e. 24th February, counting back from the beginning of March) occurred twice in a leap year. Hence the term is based on Latin sextus - ‘six’ - and bis - ‘twice’ - and means ‘twice the sixth day’.

The word bissextile is relatively rare in modern English, but emerges from obscurity every four years as illustrated by articles like the one cited above. The phrase année bissextile is however a commonly used French term for leap year. The term leapling is a twenty-first century coining. The use of the word leap in reference to a year with 366 days dates from the time of late Middle English.

In years with the extra day, feast days after February came two days rather than one day later than the previous year, and could therefore be said to have ‘leaped’ a day.

Provided by the Macmillan Dictionary

Tuesday, February 19, 2008

Fun Facts About Leap Year

2008 is a leap year, with 366 days instead of the usual 365 days. Why?

It was the ancient Egyptians who first figured out that the solar year and the man-made calendar year didn't always match up.

That's because it actually takes the Earth a little longer than a year to travel around the Sun — 365 days, 5 hours, 48 minutes, and 46 seconds, to be exact.

Therefore, as the hours accumulated over the centures, an extra day was occasionally added to the calendar, and over time the practice became more or less official.

It was the Romans who first designated February 29 as leap day. Later, a more precise formula (still in use today) was adopted in the 16th century when the Gregorian calendar fine-tuned the calculations to include a leap day in years only divisible by four, i.e., 2008, 2012.

Another stipulation ruled that no year divisible by 100 would have a leap year, except if it was divisible by 400. Thus, 1900 was not a leap year ... but 2000 was! Go figure.

Thankfully, all this intricate plotting will continue to keep us in tune with the seasons over the next several thousand years.

Born on a Leap Day?
Born February 29: Actor Antonio Sabato Jr. and rapper Ja Rule.

According to astrologers, those born under the sign of Pisces on February 29 have unusual talents and personalities reflecting their special status.

Most have to wait every four years to "officially" observe their birthdays, but leap year babies typically choose either February 28 or March 1 to celebrate in years that aren't leap years.

Some Famous People Born on February 29
Born 1976 - Ja Rule, rapper
Born 1972 - Anthonio Sabato Jr., model & actor
Born 1916 - Dinah Shore, singer
Born 1904 - Jimmy Dorsey, bandleader.
Born 1792 - Gioacchino Rossini, Italian opera composer

Leap Day Traditions - No Man is Safe
While leap day helped official timekeepers, it also resulted in social customs turned upside down when February 29 became a "no man's land" without legal jurisdiction.

"Help! They're after me!1912 Leap Year postcard

As the story goes, the tradition of women romantically pursuing men in leap years began in 5th century Ireland, when St. Bridget complained to St. Patrick about the fair sex having to wait for men to propose. Patrick finally relented and set February 29 aside as the day set aside allowing women the right to ask for a man's hand in marriage.

The tradition continued in Scotland, when Queen Margaret declared in 1288 that on February 29 a woman had the right to pop the question to any man she fancied. Menfolk who refused were faced with a fine in the form of a kiss, a silk dress, or a pair of gloves given to the rejected lady fair.

A similar modern American tradition, Sadie Hawkins Day, honors "the homeliest gal in the hills" created by Al Capp in the cartoon strip Li'l Abner. In the famous story line, Sadie and every other woman in town were allowed on that day to pursue and catch the most eligible bachelors in Dogpatch. Although the comic strip placed Sadie Hawkins Day in November, today it has become almost synonymous with February 29
Leap Year on Stage & Screen
The day also plays a pivotal role in the fictional
The Pirates of Penzance, the most famous Gilbert & Sullivan comic opera that was translated to Broadway and the silver screen.

In the story, the hero Frederic realizes his apprenticeship binds him until his 21st birthday, but since his birthday falls on February 29, it means that technically he is only a young lad - and won't reach his 21st birthday until he is in his eighties!

A Leap Year Ditty to Remember It By
Thirty days hath September,
April, June and November;
All the rest have thirty-one
Save February, she alone
Hath eight days and a score
Til leap year gives her one day more.
Compliments of

Saturday, February 16, 2008

Take Me Back to the Sixties - on a fun note!

On the lighter side of life I received this today and it was a walk down memory lane for me. I felt as if I was in high school again. ok, so now I have dated myself! ;)

I hope you enjoy this as much as I did and it is very well done. Just click on the link, relax and enjoy. Click Here Link: Take Me Back To The Sixties

Wednesday, February 13, 2008

President Signs $168 Billion Economic Stimulus Bill

President Bush today signed off on the $168 billion stimulus package approved by Congress last week, which, in addition to tax rebates for millions of working Americans and business owners, includes a vital, but temporary increase in the conforming loan limit. The economic stimulus package will allow the Federal Housing Administration, as well as Fannie Mae and Freddie Mac to offer mortgages above the current conforming loan limit of $417,000 to as much as $729,750 in high-cost areas for loans originated between July 1, 2007 and Dec. 31, 2008.

"The actions of Congress and our president represent a significant victory for homeowners across the state and nationwide," said C.A.R. President William E. Brown. "C.A.R. has long fought for increases to the conforming loan limit in order to close the gap for would-be home buyers in high-cost areas, such as California, and, with the spotlight now fully shining on this important issue, will continue those efforts and push for permanent changes beyond Dec. 31."

This information provided by the California Association of Realtors.