MMG WEEKLY – HAVE A HAPPY NEW YEAR!

MMG Weekly / Vantage Production.blueHoliday Season

Season’s greetings and happy New Year! I hope you’ve enjoyed a very happy holiday season with friends and family.

I also sincerely hope you have been enjoying the MORTGAGE MARKET GUIDE WEEKLY. Your next full issue will arrive “hot off the press” next week. In the meantime, enjoy the New Year’s trivia below and share these great tidbits with your clients, colleagues, friends, and family.

The MORTGAGE MARKET GUIDE WEEKLY is the industry’s leading publication of this type, and I’m pleased to provide this valuable resource to you. If you feel that any of your colleagues or associates would benefit from keeping up-to-date on market and economic trends with this easy-to-read format, please let me know, and I will be happy to add them free of charge.

The Mortgage Market Guide View…

How Did You Know That?
2014 New Year’s Trivia Challenge

The Babylonians were the first society to observe New Year’s Day around 4,000 years ago. Back then, the holiday was celebrated at the beginning of spring instead of mid-winter. And it wasn’t “one night only” but festivities lasting eleven days!

Here are a few more trivia tidbits to help you ring in the New Year with a little history.

1. When was the first Times Square New Year’s Eve ball drop?

a. 1907
b. 1934
c. 1940
d. 1952

ANSWER: The first ball drop was organized by Adolph Ochs, the owner of The New York Times, and held on December 31, 1907. The ball itself was designed by Artkraft Strauss, and the ball drop has been held every year since, except for 1942 and 1943 due to wartime blackouts.

2. Between 1903 and 1915, what was the main New Year’s Day event at Rose Bowl Stadium?

a. Football
b. Soccer
c. Chariot Races
d. Sprint Running

ANSWER: In an effort to enhance New Year’s Day activities, the Tournament of Roses Association decided to add a football game in 1902. The first game was Stanford University vs. University of Michigan. After Stanford lost to Michigan 49-0, the Tournament replaced football with Roman-style chariot races. Football didn’t return until 1916.

3. Which of the following is NOT in the top three favorite destinations for ringing in the New Year in the United States?

a. Las Vegas
b. Disney World
c. New York City
d. Seattle

ANSWER: The top three New Year’s destinations are Las Vegas, Disney World, and New York City. Seattle is actually number five, just behind Los Angeles.

Wishing you a very happy New Year!

Economic Calendar for the Week of December 30 – January 3

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. December 30
10:00
Pending Home Sales
Nov
NA
-0.6%
Moderate
Tue. December 31
09:00
S&P/Case-Shiller Home Price Index
Oct
NA
13.3%
Moderate
Tue. December 31
09:45
Chicago PMI
Dec
NA
63.0
HIGH
Tue. December 31
10:00
Consumer Confidence
Dec
NA
70.4
Moderate
Thu. January 02
08:30
Jobless Claims (Initial)
12/28
NA
NA
Moderate
Thu. January 02
10:00
ISM Index
Dec
NA
57.3
HIGH

The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.

Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.

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