Key Bridge, M Street Corner Wired for Safety and $$$

August 7, 2013

Crews from the District Department of Transportation have been working over several nights to install vehicle-detecting equipment at the busy intersection of M Street and Key Bridge. What does all this mean? First, it means a safer intersection, but there’s more. Along with the ability to count cars, the intersection will contain red-light and cross-walk cameras — and that includes the issuing of traffic violation tickets. Expect Key Bridge and M Street traffic to add to D.C.’s treasury in the coming months.

Weekend Round Up August 1, 2013

August 5, 2013

Seventh Annual Middleburg Summer Sidewalk Sale

August 2nd, 2013 at 10:00 AM | Tel: 540-687-5152

Middleburg, the quaint historic town nestled in Virginia horse country, is cleaning out its closets and storage areas and moving onto the sidewalks, August 2-4, for the 7th annual Summer Sidewalk Sale. The sale, sponsored by the Middleburg branch of Union First Market Bank, will be held on Friday and Saturday from 10 a.m. to 5 p.m., and on Sunday as posted by shops. A raffle will also be held. Look for balloons outside participating shops and restaurants!

Address

The Town of Middleburg; 12 North Madison Street; Middleburg, VA 20117

Washington Project for the Arts Presents Hothouse Happy Hour: The Art of the Superhero

August 2nd, 2013 at 06:00 PM | free entry, cash bar | info@wpadc.org | Tel: 202.234.7103 | Event Website

The Art of the Super Hero –

Revisited, a group exhibition organized by Lenny Campello exploring our cultural fascination with masked men
and caped crusaders. The artists included in the exhibition approach their topic with a mix of levity and seriousness,using the figure of the superhero to explore issues of identity, immigration, and the struggles of daily life.

Address

The Capitol Skyline Hotel Lounge; 10 I (Eye) Street SW

Studio Theatre Annual Garage Sale

August 3rd, 2013 at 10:00 AM | studio@studiotheatre.org | Tel: 202-232-7267 | Event Website

The Studio Theatre is hosting its Annual Garage Sale which will include props, furniture and costumes from the 2012-2013 season as well as many other special items from the collection.

Address

Studio Theatre; 1501 14th Street NW

Mazza Jazz

August 3rd, 2013 at 04:00 PM | Free | kate@myerspr.com | Tel: 202-966-6114 | Event Website

Enjoy a pleasant Saturday afternoon vibe at Mazza Gallerie with a Mazza Jazz performance on the first Saturday of every month this summer. On his saxophone, recording artist Rob Maletick leads ensembles of his own style of jazz. He’ll be on the mezzanine between Pampillonia Jewelers and Ann Taylor from 4 pm until 6 pm on May 4, June 1, July 6, and August 3. For further information, please call 202.966.6114 or visit mazzagallerie.com.

Address

5300 Wisconsin Avenue NW, Washington, DC 20015

Beasley Real Estate Presents “The Princess Bride”

August 4th, 2013 at 07:30 PM

Join Beasley Real Estate on Sunday night for a free community movie night!
Now in its second year, the “Best of Summer” series is a great opportunity for new and old neighbors to get together and enjoy a great night under the stars.

A two-story screen, free popcorn and other goodies, too!

Address

Corner of Bethesda Avenue & Woodmont Avenue; Bethesda, MD 20814

Jane Austen Film Festival – Pride & Prejudice (2005)

August 7th, 2013 at 07:00 PM | Free | education@dumbartonhouse.org | Tel: 202-337-2288 | Event Website

You are cordially invited to join us on the lawn of the North Garden at Georgetown’s Dumbarton House for Pride & Prejudice (2005), the third and final film in our Jane Austen Film Festival.

Admission is free, thanks to the generous support of our corporate sponsor, Long & Foster’s Georgetown Office, a Christie’s Affiliate.

Address

Dumbarton House; 2715 Q Street NW

Weekend Round Up July 11, 2013

July 22, 2013

Bastille Day at French Embassy

July 12th, 2013 at 07:00 PM | $110-150 | Event Website

The highly anticipated Bastille Day soirée offers foodies the chance to rub elbows with Washingtons top chefs, dancers the opportunity to “cut a rug” in style, bargain hunters the thrill of finding amazing deals and Francophiles a spectacular night behind the gates of the Embassy of France. There is also an online auction full of tempting luxurious vacation packages.

Address

Embassy of France; 4101 Reservoir Road NW

Annapolis Irish Festival

July 12th, 2013 at 04:00 PM | $10-20 | Event Website](http://www.annapolisirishfestival.com/Annapolis_Irish_Festival/Home.html)

The 3rd Annual Annapolis Irish Festival is expected to attract over 22,000 people and will feature traditional Celtic music, nationally recognized bands, Irish dancing, special workshops and exhibits and authentic Irish food as well as a large children?s area. The event will once again kick-off with a special Friday night Twilight Concert from 4-10 pm, sponsored by the Maryland Renaissance Festival. Three bands will take the stage for this salute to the military and will include free admission for everyone between 4-5 pm and free for all men and women currently serving the country with an active military ID.

Address

Anne Arundel County Fairgrounds; 1450 General’s Highway; Crownsville, MD 21032

Union Market Drive-In: Dr. Strangelove

July 12th, 2013 at 09:00 PM | Event Website](http://unionmarketdc.com/events/dc-drive-in/)

Union Market will host Washington D.C.’s first drive-in movie experience, which will screen on Fridays. Watch classic Washington D.C.- centric films on Union Market’s 3-story wall. Pre-show festivities will include music, contests and special giveaways. A variety of Union Market vendors will also participate, serving food, drinks and fun snacks.

The DC Drive-In is free to attend, however reservations are suggested for cars. Don’t have a car? There will be a picnic area in the parking lot for bikers and walkers – no reservations are required for the picnic area.

Address

Union Market; 1309 5th Street NE

Lake Anne Plaza – 4th Annual Ukulele Festival

July 13th, 2013 at 11:00 AM | 0 | Event Website](http://www.lakeanneplaza.com/)

Ukulele fans will grab their ukes and converge on the Lake Anne waterfront in historic heart of Reston. The free music festival will feature performances by several internationally known and local ukulele musicians, music demonstrations, open to the public jam session, beer garden, festival vendors, and other family friendly activities. www.lakeanneplaza.com for performance line up.

Address

Lake Anne Plaza (Waterfront) – 1609 Washington Plaza, Reston, VA 20190

Bastille Day Fete

July 14th, 2013 at 02:00 PM | | Tel: 202-817-3340 | Event Website](http://malmaisondc.com/)

Celebrate Bastille Day at Malmaison from 2 to 9PM featuring children activies from 2-4PM, coffee and juice bar, pastries and sandwiches and a live crepe stand.
There will also be a Parisian Flair costume contest and a Waiter Race commemorating the storming of the Bastille Fortress Prison. At 8:00 PM a dinner for two gift card ($50 value) will be awarded for the guest who most exemplifies the fashion savvy of a Parisian socialite!

Address

Malmaison; 3401 Water Street, NW

The Goddess Diaries

July 14th, 2013 at 04:30 PM | $17 | DianeHN@cox.net | Tel: 703-628-9112 | Event Website](https://www.capitalfringe.org/festival-2013/shows/15-the-goddess-diaries)

A production in this year’s Capital Fringe Festival, The Goddess Diaries uses music and storytelling to weave together mythology and the modern journey of real women.

Address

The Mountain at Mt. Vernon Methodist Church; 900 Massachusetts Ave, NW

Georgetown Walking Tour with Cupcakes

July 14th, 2013 at 10:00 AM | $20 | Tel: 202-337-2288 | Event Website](http://julycupcakewalkingtour.eventbrite.com/)

Join Dwane Starlin, member of the Guild of Professional Tour Guides, for a delightful walking tour of Georgetown- with history and cupcakes! The tour will begin at Dumbarton House and make stops at three cupcake shops in Georgetown- Baked & Wired, Sprinkles, and Georgetown Cupcake. The ticket price includes one cupcake from each shop. Please note, the tour will not return to Dumbarton House, but will end at Sprinkles.Comfy walking shoes a must! No pets, please.

Address

Dumbarton House; 2715 Q Street, NW

Cocktail Happy Hour

July 16th, 2013 at 06:30 PM | $15

Capital City Ball presents a cocktail happy hour to benefit the fight against human trafficking and modern-day slavery. $15 suggested donation at door. Raffle will be held night of.

Address

The Graham; 1075 Thomas Jefferson St NW

Weekend Round Up July 18, 2013


Heidi Martin & The Simon Bros. Trio The Music of Abbey Lincoln

July 18 at 6:30 p.m. | $10 | Tel: 202-337-2288 | Event Website

Join us for a summer concert in the North Garden of historic Dumbarton House. Chanteuse Heidi Martin & The Simon Bros. Trio will delight with the music of Abbey Lincoln. Two sets of different music, and you are welcome to attend one or stay for both!

Bring blankets and lawn chairs (must be set up at the back of the audience) and enjoy the ambiance at one of Georgetown’s most historic homes. Chairs will not be provided for this garden performance. The museum will not be open for this event.

Address

Dumbarton House, 2715 Q St., NW

Jayme McLellan in Conversation with Casey Smith

July 19 at 6 p.m. | Free | info@heinercontemporary.com | Tel: 202.338.0072 | Event Website

Heiner Contemporary is pleased to host a conversation between artist Jayme McLellan and Casey Smith. They will discuss McLellan’s exhibition, which centers on a fable by Thích Nh?t Hanh about a river who learns to make peace with her jealousy of the clouds. Influenced by the Buddhist teachings of Hanh and the work of Alfred Stieglitz, John Constable and James Turrell, McLellan’s compositions are at once meditative and critically engaged with the legacy of artists looking to the sky.

Address

Heiner Contemporary; 1675 Wisconsin Ave., NW

The Castleton Festival: Third Weekend

July 19 at 8 p.m. | $20-$120 | BoxOffice@castletonfestival.org | Tel: 1-866-974-0767 | Event Website

July 19 at 8 p.m.: Verdi’s “Otello”

July 20 at 11 a.m.: “Cats,” spectacular song recitals

July 20 at 3 p.m.: “La Voix Humaine” (“The Human Voice”) as a double bill, pairing for the first time the Cocteau play and the Poulenc opera

July 20 at 7 p.m.: Andrew Lloyd Webber’s “Requiem” and Barber’s “Violin Concerto”

July 21 at 11 am.: Chamber music by Mahler

July 21 at 2 p.m.: Puccini’s “The Girl of the Golden West”

Address

The Castleton Festival Theatre, 7 Castleton Meadows Lane, in Castleton, Rappahannock County, Va., 60 miles southwest of Washington, D.C., and 45 minutes from Charlottesville, Va. NOTE: some performances take place in the Castleton Theatre House. Please see www.castletonfestival.org for more information.

Brussels, Mussels, and Beer-Tasting Hustle: Annual Mussel Throw Down

July 20th, 2013 at 11:00 AM | Admission tickets are $5 | info@belgacafe.com | Event Website

Going on its fourth year, DC’s mighty contingent of Belgian-influenced chefs will come together to celebrate the food, drink and culture of Belgium for a week of festivities leading to Belgian National Day on Sunday, July 21. Foodies needn’t flock to Brussels to indulge in frîtes, mussels and chocolaty treats, as the week [July 15-21] of decadent desserts, cordial cocktails, and savory meals culminates to the down-and-dirty musseling battle. So let the games begin with the Mussel Throw Down! The annual event kicks off at 11AM on Saturday, July 20 at Eastern Market with $5 admission tickets good for one beer or pot of mussels, and the live entertainment of chefs muscling up their skills. Reigning champ Martin Castillo [Belga Café] returns with seasoned vets Geert Pifferoen [Locolat] and Paul Stearman [Mussel Bar & Grille] while newcomers Anthony Acinapura [Brasserie Beck], Thijs Clinckemaillie [B Too], Andras Horvath [Et Voila] and Jeremy Kermisch [Granville Moore’s] try their hand in this mussel scuffle.

Address

Eastern Market Hall; 225 7th Street SE

Fairy Tea

July 20 at 1 p.m. | Member Child: $20 | Non-Member Child: $25 | Adult: $10 | [Event Website](http://tudorplacefairyteajuly2013.eventbrite.com/)

for children and families (ages 3+)

Bring your favorite Tinkerbell to dress up in tutus, wands, and wings. Children select their outfits from the fairy wardrobe provided, and then assemble (with accompanying grown-ups) for tea and desserts served by a costumed interpreter who will show and tell all about the favored drink of early America. Next, tour Tudor Place’s enchanting gardens in search of fairy traces and hiding places before making a special period craft to take home.

Address

Tudor Place Historic House and Garden, 1644 31 St., NW

9TH Annual “Dogtopia Charity Dog Wash”

July 21 at noon | $15.00 | emannix@fish-consulting.com | Tel: 954 893 9150 | [Event Website](http://www.dogdaycare.com/k9support/)

Dogtopia, a national dog day care franchise, will host its 9th Annual Charity Dog Wash to benefit dogs who work year-round. All 29 stores, including those in the D.C. area, will participate in the nationwide event to raise money for Veterans Moving Forward. D.C.’s dog owners are invited to bring their dogs in for a bath given by Dogtopia’s trained team members and volunteers. The event will feature give-ways, food, photo booths, fun and games for the whole family.

Address

1609 Washington Plaza, Reston, Va. 20190

D.C. Scoop!

July 21 at 1 p.m. | [Event Website](http://unionmarketdc.com/events/the-dc-scoop/)

Taste — and judge — the District’s best ice cream, gelato, custard, frozen yogurt and other summer treats – for free – on National Ice Cream Day. Foodies, have no fear, you’ll be in good company. Stirrers and shakers of the D.C. food scene will serve on a panel of judges to determine the 2013 D.C. Scoop Winner.

Address

Union Market, 1309 5th St., NE

Potomack Company July/August Designer and Garden Internet Auction

July 22 at 10 a.m. | info@potomackcompany.com | Tel: 703-684-4550 | [Event Website](http://www.potomackcompany.com/)

Keep cool this summer by bidding online Artfact.com, Invaluable.com and Auctionzip.com. Bidding will be open for the entirety of the preview.

Preview Schedule:

Mon., July 22 to Fri., July 26: 10 a.m. to 5 p.m.

Sat., July 27: 10 a.m. to 4 p.m.

Mon., July 29 to Fri., Aug. 2: 10 a.m. to 5 p.m.

Mon., Aug. 5: 10 a.m. to 5 p.m.

Address

The Potomack Company; 1120 N. Fairfax St.; Alexandria, Va 22314

Industree Speaker Series

July 23 at 11 a.m. | $25-45 | [Event Website](http://www.dcindustree.com/#!speaker-series/component_41229)

Washington, D.C., hospitality veteran Alisia Kleinmann and founder of event-based hospitality organization, industree, has officially announced the theme and line-up for its second speaker series. This one-of-a-kind event is slated to feature an intimate look inside the success stories of prominent chefs and chef-owners based in the D.C. area: how they got started in the hospitality industry and what it took to get theme to where they are today. Each chef will also discuss their thoughts on the evolving culinary scene in and around Washington D.C. The event will feature guest speakers in a relaxed setting and a Q&A session following the live discussion.

Address

Howard Theatre, 620 T St. NW

Well Done, Jennifer

July 18, 2013

The Georgetown-Burleith Advisory Neighborhood Commission commended the past president of the Citizens Association of Georgetown earlier this month. The group recognized Altemus for “sustained contributions to the community,” not the least of which was the agreement between the neighborhood and Georgetown University on its 10-year campus plan. Meanwhile, the student newspaper, the Hoya, disapproved of the gesture. “GU Antagonist Unworthy of ANC Award,” its editorial headline read. All right, then. Regardless, Altemus — CAG president for four years — was also honored by the citizens group she led at its annual election meeting, where Ward 2 councilmember Jack Evans, presented Altemus with a proclamation from Mayor Vincent Gray, designating “May 29, 2013, as Jennifer Altemus Day.” Not bad. We know there are other projects to thank her for her, including jazzing up the Georgetown Gala, one of CAG’s big fundraisers.

Enjoy your status as president emerita, Jennifer, for a job very well done.

Auctions: A User’s Guide


In the Internet age, auctions might seem outdated and irrelevant. Yet auction houses continue to be effective marketplaces for everything from fine art to gourmet wine to bejeweled dog collars.

For those unaware, auction houses are intermediaries between buyers and sellers — the original eBay. If, for example, you want to sell a diamond-encrusted Barbie, you could contact a house and arrange for the doll to be auctioned. These arrangements involve setting your minimum selling price, transporting your item to the saleroom, settling on the commission amount to be taken by the auction house, and signing a contract.

Or, if you wanted to buy an original Steve Jobs’s Apple computer, you could work with a specialist from the auction house to find your dream work. Then, when the auction takes place, you would bid in-person, over the phone, or online and pay.
This specific example is actually on auction through Christie’s until July 9.

Some of the most prominent auction houses include Weschler’s, Potomack Company, Sotheby’s, Bonham’s, and Doyle New York. Weschler’s and Potomack Company are the only ones located in the Washington area. The other companies have sales rooms in New York City and across the world.

To become an auction buff, here are the key words to know:
Auctioneer – the trained professional who conducts the auction
Lot – an object or group of objects being exhibited in the auction
Sale number – a lot’s identification code
Provenance – the history describing the object’s chain of ownership since creation
Chattel – the physical goods of an estate, such as furniture and cars
Auction block – the object currently being auctioned
Paddle – the instrument bidders use to communicate their bid to the auctioneer
Bidder number – a bidder’s identification number used on the paddle
Reserve price – the pre-established, minimum amount the owner will accept
Hammer price – the amount of the winning bid
Buyer’s premium – the amount paid between the hammer and total purchase prices
Ring – the auction location

Whether you’re searching for that perfect Roman sculpture to complete your living room or Moscato to complement your favorite dessert, these terms will help you raise that paddle confidently. Check out a few upcoming events for the summer and happy auctioning.

Sotheby’s London
Château Pétrus 1967
Auction Date: June 20
Estimate: $10,000-$14,000
Sotheby’s London will offer a unique day for wine lovers to experience a taste of the Finest and Rarest Wines. This sale will feature extraordinary collections from Bordeaux and Burgundy to the Spanish Vega Sicilia. Wine lovers can enjoy a tour of wines from the 1960s, all the way to the 21st century. These exquisite wines will be available in bottles and magnums. Don’t forget to look out for the Château Pétrus 1967, a wine that will leave you wondering and wanting more. This wine is known by experienced wine tasters, who recognize it by its rich, sweet and complex taste. It has a lingering “sweet” taste with a low concentration and density.

Christie’s
Tubogas “Serpenti” quartz wristwatch by Bulgari
Auction Date: July 17
Estimate: $3,050 – $4,575
(£2,000 – 3,000)
This jewelry sale at Christie’s is sure to be huge. There are 262 lots in the sale, with pieces from designers, such as Tiffany & Co and Chanel to Van Cleef & Arpels. In particular is the “Serpenti” wristwatch from Bulgari that expresses the elegance that Bulgari stands for and is a design that is being revived by designers today. The specialists at Christie’s explain the watch has a silver dial with Roman numerals and a bezel set with diamonds. There is a pink sapphire crown with a five-jewelled quarts movement to a sprung bracelet and 22mm wide case. The dial, case and movement are all signed Bulgari. The wristwatch is an iconic model from the Bulgari collections and would be a perfect addition to one’s own collection. [gallery ids="119049,119062,119058" nav="thumbs"]

Murphy’s Love: Advice on Intimacy and RelationshipsJuly 17, 2013

July 17, 2013

*DEAR STACY:*
**I am in a long distance relationship with a man who works overseas. We dated a long time ago and then broke up when he moved. But we stayed in close contact and my feelings for him never really died. Long story short, we rekindled things a few months ago and now are giving it a go long distance. The problem is that I have very little in the way of financial resources,
so regular visits are out for us. Is this relationship doomed?**

***? Am I Wasting Our Time?***

**DEAR WASTING:**
Long distance relationships are challenging, particularly when they don’t have an end date, such as returning from grad school, ending a military tour, or simply deciding to move to the same locale. It doesn’t sound like that is your
circumstance, so basically you are intimately involved with a person who will not be physically present to you except for on very special occasions. The relationship is not ?doomed,? but you may have to do some defining of this relationship, because it’s not going to look like those around you.

You absolutely can love and be connected to a person who does not live near you. The question is, how do you fulfill one another’s emotional (and physical) needs when you are not meeting regularly? Yes, you can Skype in a restaurant
and you both can commit to watching the same Netflix at the same time. Perhaps that is enough for you. But you both need to sign on for that ? honestly, by naming it as such. The risk is that if you aren?t very specific about what you each expect you can wind up disappointing the other person (E.G. Were you secretly expecting him to move back here? Is he hoping you will get the
hint and find a job overseas?), leading to deep resentment (AKA: relationship poison) over time. Please do yourselves this favor and have that conversation ASAP.

***Stacy Notaras Murphy [www.stacymurphyLPC.com](http//www.stacymurphyLPC.com) is a licensed professional counselor and certified Imago Relationship therapist practicing in Georgetown. This column is meant for entertainment only, and should not be considered a substitute for professional counseling. Send your confidential question to [stacy@georgetowner.com](mailto:stacy@georgetowner.com).***

The Latest DishJuly 17, 2013


From Matchbox Food Group comes a new Ted?s Bulletin, its family-style restaurant, opening in Reston, Va., in the Uno?s space. It will be the third in the metro area. The original is on Barracks Row on Capitol Hill and the second will open on 14th Street near Swann St., NW in late summer, just a block from its sister operation, matchbox, at 14th & T. A 4th quarter opening is planned for Reston.

San Francisco-based Vino Volo, known for their airport retail operations, plans to open its largest restaurant and wine bar in the D.C. metro area in Tysons Galleria where Sharper Image was, by summer?s end. It will be larger than its Bethesda store, with 120 seats plus private dining space and a retail store. They have two locations in Dulles International Airport, one in BWI/Marshall Airport as well as Bethesda Row.

NYC chef Daniel Boulud’s DBGB Bar & Kitchen is coming to City Center, at the former Convention Center site in Penn
Quarter. Boulud started in D.C. when he first came to the U.S. 30 years ago. Expect a brasserie-
style restaurant in Washington.

***Just Opened:*** Attman?s Deli has opened in the Cabin John Shopping Center. The original is in downtown Baltimore. The
Popal family has opened its latest addition to its empire (Napoleon, Caf? Bonaparte), Malmaison, a bistro and wine cellar, also in Georgetown at 34th & Water Streets, NW. Their consulting chef is the renowned Gerard Pangaud. Chef de cuisine is Yomi Faniyi. Their pastry chef is Serge Torres, who has worked at Le Cirque in NYC. Decanter opened where Adour was in the St. Regis Washington, D.C. Chef S?bastien Rondier oversees the menu of this Mediterranean- influenced restaurant. Taco Bamba, chef Victor Albisu’s taqueria, recently opened in Falls Church, just a few doors down from his mother’s
Plaza Latina food market.

Openings Update:
Smashburger opens their second metro are store on August 7 in Dupont Circle. The first is in Fairfax. Ri Ra plans
to open its Georgetown location at the end of October. An August opening is planned for Ovvio
at Halstead Square in Merrifield, Va. Pinstripes, offering Italian and American cuisine, is slated
to open in November at the Shops at Georgetown Park. The 14,000-square-foot space will also house 14 bowling lanes, 6 bocce courts, an outdoor patio and event space for up to 600 guests. Chik-Fil-A plans an Aug. 22 opening in Rockville in Montrose Crossing Shopping Center. Mike Isabella’s newest addition to his restaurant empire, Kapnos, opened at 14th and W Streets, NW. Kapnos is Greek for “smoke” and features the cuisine of Northern Greece. He plans to open G (Graffiato’s sister restaurant) by August. It?s next door to Kapnos, offering traditional Italian heroes by day and a four-course, $40 tasting menu by night Au Bon Pain signed a lease to open at 801 17th St., NW. The Deli owners have signed a lease to open at the Watergate
complex on Virginia Avenue, NW. Joe’s Seafood, Prime Steak and Stone Crab plans to open in late fall on 15th Street, NW . Richard Sandoval’s Toro Toro, a pan-Latin steakhouse, is opening this fall at 13th and I Street, NW. Aaron Silverman’s Rose’s Luxury should be open on 8th Street, SE, in Barracks Row by early fall.

Chef-GM-Sommelier Update: Harper Mc-Clure has been named chef de cuisine at Brabo by Robert Wiedmaier and the Butcher?s Block at the Lorien Hotel in Old Town, Alexandria, Va. Previously, he was sous chef at Marcel?s? Ethan McKee is new chef at Urbana at Hotel Palomar in Dupont Circle. Previously, he was at Circle Bistro and Equinox. Gene Alexeyev has been promoted to sommelier at Blue Duck Tavern. The Russian-born Alexeyev was assistant manager.

Linda Roth is president of Linda Roth Associates. Reach her at: Linda@LindaRothPR.com. www.lindarothpr.com.

Looking Beyond the Squall


Sometimes, it is a good idea to look beyond the debris left behind by the squall and do an assessment of where things are.

Yes, interest rates have spiked from recent historical lows of several weeks ago when mortgage rates were in the middle three-percent range. However, mortgage rates are now moving in a relatively narrow range with the best execution for thirty-year fixed rate mortgages hovering in the mid four percent range.

Jumbo rates, for loans above $625,000 in the D.C. metropolitan market are priced very competitively to conventional rates. Rates on 15-year fixed rate money are below 4 percent for purchase rates. Adjustable rate mortgages, including seven-year ARMs are below 4 percent.

Today’s rates are similar to rates in late 2011. By historical standards, interest rates are in a very good range. The problem is that most people remember only the lowest of the low rates.
After the release of the mid-September FOMC minutes, Federal Reserve Chairman Ben Bernanke made a statement in order to calm the wild market reactions to his early speech from a week earlier which had caused a wild spike in interest rates and unease on Wall Street.

In his statement, Bernanke most notably referred to the unemployment rate. He said that the 7.6-percent unemployment rate overstated the strength of the labor market. This is very significant because the announced policy of the Fed has been that they would not think about raising interest rates until the unemployment rate was driven to 6.5 percent. Clearly, there is a long way to go for employment to get close to the Fed’s target.

By making these comments, the stock market regained its footing and the bond markets moderated. This helped mortgage rates go to the lower range of their recent range.

There will be increased volatility this summer. Economic news, good or bad, is likely to cause an occasional spike in the markets which will drive rates a little higher or a little lower depending on the news of the day.
Other economies are slowing, most notably China. The European Union is in the midst of stimulus for its economies. There are clearly a lot of pressures that should help the Fed keep rates in a relative narrow range this summer. ?

Bill Starrels lives in Georgetown and is a mortgage loan officer, who specializes in refinance and purchase mortgages. He can be reached at bill.starrels@gmail.com, or 703-625-7355.

Let’s Enjoy Summer


Is it summer yet? I think that with the arrival of July 4th and high temperatures reaching 100 degrees we have removed all doubt. Take a moment to check in with your elderly or ill neighbors who might need a little assistance. Weather like this can effect even the healthiest of us.

This 4th of July, I began my celebration as I always do at the annual Palisades 4th of July Parade. This was the parade’s 47th year. For those of you unfamiliar with the parade, this is a throwback to another time – a real small town parade. It begins around 11:00 am at the corner of Whitehaven Parkway and MacArthur Boulevard, NW. It continues along MacArthur Boulevard for about a mile before turning left to end at the Palisades Park. As an elected official, I always enjoy the opportunity to participate in local parades with family and friends. While I walked, others rode in the car or joined me walking and threw candy to all those watching and cheering along the parade route.

This year, with the citywide elections approaching, there seemed to be even more politicians than usual. But what would the 4th of July be without politicians? After the parade, we joined hundreds of others at the Palisades Park for hot dogs, drinks and ice cream – kudos to the organizers for a great event.

After we cooled off and caught our breath, we headed to another park, this time a ballpark. Yes, the Nationals were in town, so off to Nationals Park we went. It was a gorgeous day for a baseball game, though a bit hot. In light of the 11:05 am start time, I missed about half of the game. There was still plenty of action from the Nationals’ hitters in the later innings, though, with the crucial Wilson Ramos homer and the Nationals beating the Brewers 8 to 5. The Nationals always seem to shine on the 4th of July – I read last year that that Ryan Zimmerman was 10 for 20 with four homers and 13 RBIs in six Independence Day games.
The next step in this great day was a trip home for a break and then off to watch the fireworks. John and Katherine were out of town visiting family in Minnesota, and Chris is out of town for a month at the Parsons School of Design. My wife and her son Sam and I had a great time, though, going to Nick’s on the Georgetown waterfront and watching from the boardwalk. What a terrific 20-minute fireworks display!

Neighborhood parades, Major League Baseball, world class fireworks – where else can you stay home and get all that?