Originally established in 1885 in recognition of President George Washington, Presidents Day is still officially called “Washington’s Birthday” by the federal government. Traditionally celebrated on February 22, Washington’s actual day of birth, the holiday was shifted to the third Monday of February due to the Uniform Monday Holiday Act.

The move away from February 22 led many people to believe that the new date was intended to honor Washington and Abraham Lincoln (whose birthday was February 12).

This shift solidified in the early 2000s, by which time as many as half the 50 states had changed the holiday’s name to Presidents Day on their calendars. Washington and Lincoln still remain the two most recognized leaders, but Presidents Day is now popularly seen as a day to recognize the lives and achievements of all of America’s chief executives.

Related Articles

Presidents Day is a time to honor our past presidents. We look to Abraham Lincoln’s quote as it resonates with our mission as a company. Simply put: do as best as you can, whoever or wherever you are. Happy Presidents Day from all of us at Homebridge.
Read More of the post “Whatever you are, be a good one.”

"Only got twenty dollars in my pocket…" (Macklemore & Ryan Lewis) The financial markets are sensing that the predicted government shutdown and protracted trade war with China will be averted. This is good news and a reason why stocks have continued to push higher and home loan rates have capped for…
Read More of the post Canary in the Coal Mine

Bad news is good news for the U.S. bond market and rates. This past week, bad news by way of worse-than-expected economic numbers in Europe cast a dark shadow on the financial markets. As a result, U.S. home loan rates ticked down to the best levels in ten months. The…
Read More of the post Issues in Europe Affect Our Markets

The Fed met this past week. As expected, they didn’t hike rates and the Fed Statement was very “dovish,” suggesting that rate hikes will be off the table for most, if not all, of 2019. The Fed looked to “muted inflation” and slowing economies abroad as reasons to show “patience”…
Read More of the post Rates Improve on Mixed Economic News