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Denzel Washington through the years
Ahead of the release of “Gladiator II,” starring Academy Award-winner Denzel Washington, the “60 Minutes: A Second Look” podcast team searched through years of interviews with the acclaimed actor, digging up never before aired footage from throughout Washington’s career.
Washington spoke with Ed Bradley in 1999, for a 60 Minutes piece aired in 2000, about why he didn’t initially like being compared to Sidney Poitier and why he wasn’t being offered romantic films. They spoke again in 2005, when Washington was performing on Broadway. Washington was also interviewed by Bill Whitaker in 2016, when they discussed his approach to directing “Fences,” whether he would ever join a superhero franchise and the role of race in his work.
Denzel Washington in 2000
Bradley first profiled Washington in 2000. Washington had done more than 20 movies by that point, but very few romantic films.
“I’m not offered any,” Washington said at the time, adding that he thought it came down to business.
“I think that if it was a love story with myself and a Black woman, it’s not big business in Hollywood,” Washington said. “So they, maybe they’re not interested.”
While already an Oscar winner in the best supporting actor category at the time of the interview, Washington had not yet taken home the Academy Award for best actor. He was nominated for his role in that year’s “The Hurricane” and was previously up for the award in 1993 for “Malcolm X,” going up against Clint Eastwood, Al Pacino, Robert Downey Jr. and Stephen Rea. He recalled not expecting to win in ’93.
“Because I knew, I could see, I could read the leaves. I could see what was happening,” Washington said. “You know, there was a lot of, there was a groundswell of, uh, you know, Al Pacino had been, has, had been nominated for the eighth time. Had he not won, he would have been 0 for 8. You know, I voted for Al Pacino. I wanted to see him win.”
By 2000, Oscar or no Oscar, many considered Washington one of the greats, but it was another actor whose name came up time and time again. Sidney Poitier was the first Black performer to win the Academy Award for best actor in 1963. Initially, Washington said he would get upset when he heard the comparison.
“And the reason was, I said, you know, isn’t it a shame that there’s only one person to be compared to? You know, I would almost be insulted by that to say, ‘Oh, you’re like the next Sidney.’ I’m like, ‘Oh, you mean there’s been nobody in between? He’s the only one? Who else was acting while Sidney was acting? Who else is acting now? I’m not one,’ I don’t, I’m not too keen on that,'” Washington said.
However, Washington didn’t feel like he had to carry the torch.
“There are other actors now like Sam Jackson, or Lawrence Fishburne, or Michael Wright, or Will Smith. You know, and other young actors coming along,” Washington said. “I’m not the only one — I’m not even the biggest one of that group!”
Denzel Washington in 2005
Bradley interviewed Washington again in 2005. At the time, Washington was on Broadway, appearing in a modern day production of Shakespeare’s “Julius Caesar.” He played Brutus, one of the leaders of the plot to kill Caesar.
“I thought it was a great opportunity to get back on the stage, to get back to my roots,” Washington said at the time. “And I get so few opportunities to get on the stage, So when I do, I really like tackling Shakespeare, which is the toughest and the most rewarding.”
Washington was making big money for acting, but he was also venturing into the world of directing with “Antwone Fisher,” which he directed and starred in. Bradley asked if Washington preferred acting or directing.
“I look at Clint Eastwood as the model. That’s, I like the way he’s doing things and that’s how I’d like to do it,” Washington said. “Just, you know, segue right on into, into more and more filmmaking.”
Denzel Washington in 2016
In 2016, Bill Whitaker interviewed Washington while he was in the middle of directing and acting in the film adaptation of August Wilson’s play, “Fences.” Wilson insisted on a Black director for “Fences.” At the time, Washington told Whitaker that for him, it was not so much about race as it was about culture.
“I’m sure Scorsese could have directed ‘Schindler’s List.’ And Spielberg probably could have directed ‘Goodfellas,'” he said.
He went on to explain: “You know, there’s things specific to the Italian American culture that Scorsese understands that you and I may not understand or Spielberg may not understand. And there are things specific to Jewish American or whatever culture that you and I may not understand that Spielberg would understand,” Washington said, adding, “So I know what it smells like when hair is being hot combed on a Sunday morning when my sister’s getting ready to go to church or something. There’s a particular smell that’s specific to our culture, I think.”
By 2016, Washington was fronting big budget movies like “The Equalizer,” “American Gangster” and remakes of “The Manchurian Candidate” and “The Magnificent Seven.” Studio executives told Whitaker that Washington was a game changer, an actor who defied categorization and had appeal across the board.
“I guess you can cultivate it to a degree, but fundamentally, I’m just trying to be the best actor I can be. To do the best I can with the ability that I have,” Washington said during the 2016 interview.
They also touched on superhero movies, but Washington felt he “may be a little beyond the tights years.”
Denzel Washington now
Washington will turn 70 in late December, and will have been acting for nearly 50 years. Despite his success and experience, he says “Gladiator II,” also starring Paul Mescal, is the biggest film he has ever worked on. He stars as Macrinus, a wealthy arms dealer hungry for power.
“Every scene I did with him was never how I expected it to go,” Mescal told podcast host Seth Doane during a “CBS Sunday Morning” interview. Mescal called it a dream and said it was “very thrilling to be five feet in front of his face watching him do that.”
Next year, Washington will return to Broadway to star in “Othello.”
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Should you take out a mortgage loan now or wait until 2025?
For most of 2023 and early 2024, looking for a low mortgage rate was a quest for the impossible. Surging inflation sent rates soaring to their highest level in decades and finding a loan under 7.00% was a fantasy for most would-be buyers.
Fortunately, there has been some improvement in the mortgage market in recent months. In anticipation of the Federal Reserve’s rate cuts in September, mortgage rates dipped, opening up the door to more affordable home loans and even some refinancing opportunities. Rates then fell over a point off their post-pandemic highs, providing hope for would-be buyers.
However, mortgage rates began to rise again in October. While today’s mortgage rates remain below recent highs right now, many borrowers have been left wondering whether they should jump into the market or wait for rates to fall further — especially as the Fed has signaled additional rate cuts are likely through 2025.
Find out how affordable a mortgage loan could be today.
Should you take out a mortgage loan now or wait until 2025?
If you’re on the fence about whether to buy now or delay further, here’s why experts say that waiting may not pay.
There’s no guarantee rates will fall
With the Federal Reserve widely expected to cut rates again in the future, waiting may seem like the obvious course of action. However, there’s no guarantee these anticipated rate cuts will happen — or that they will have the desired effect on the mortgage market since the Fed doesn’t directly control the cost of home loans.
“The challenge with “waiting to buy” is always the same. No one can predict the future, even the greatest financial minds,” says Aaron Gordon, branch manager at Guild Mortgage. “Just look at the last two months. Rates touched an 18-month low in early September. Folks got excited. Pending sales rose to their highest levels all year. Others said ‘they’re still not low enough. I’m going to wait a little longer until they come down more.’ Just weeks later they jumped from the low 6’s to the low 7’s.”
While the Fed followed through with an anticipated rate cut at its November meeting, the recent election could also impact further proposed reductions in the benchmark rate, depending on what policies are enacted in 2025.
With no guarantee that mortgage rates will fall further, Gordon says the best thing to do is to buy “when you’re financially and emotionally ready.”
Compare the top mortgage rates available to you now.
Rate decreases may happen slowly
Delaying your home purchase in anticipation of declining costs could also be a poor strategy because you may have to wait much longer than you’d expect.
“Rates between now and the start of the new year aren’t likely to fluctuate too significantly,” says Evan Luchaco, an Oregon-based home loan specialist for Churchill Mortgage.
Chris Birk, vice president of mortgage insight at Veterans United Home Loans, also doesn’t believe a drop in rates is imminent next year either.
“Buyers waiting for a major drop in mortgage rates should understand that a sudden decline isn’t likely around the corner,” Birk says. “If mortgage rates come down in 2025, it’ll likely be a slow roll.”
Delaying your dream of homeownership for months means missing out on the chance to start building equity — and potentially missing out on a property you love.
“Finding the right home is the most important aspect of the home buying process,” Luchaco says. “A home that achieves your goals for the immediate future will help get you to where you want to be long term.”
Lower mortgage rates could cause a spike in home prices
There’s another important financial reason not to put off your purchase. While a lower mortgage rate could mean reduced borrowing costs, this could be offset by changes in the housing market that a rate drop brings.
“Waiting to buy might not wind up being worth it for a simple reason – rising home prices,” Birk says. “Depending on your price range, your market, and other factors, higher home prices might offset any dip in interest rates. The $400,000 house you love today might cost way more next summer between home price appreciation and the crush of buyers that lower rates might bring.”
Darren Tooley, a senior loan officer at Cornerstone Financial Services, notes that prices could rise rapidly next year.
“Historically, home values have gone up 6.24% in the year following a presidential election, but 2025 could exceed that due to the limited housing supply and an increase in buyer competition,” Tooley says.
According to Tooley, mortgage applications increased by almost 50% when rates hit recent lows at the end of September. While some of this change was explained by a spike in refinancing, most of the new loans were for new purchases.
“It’s clear when rates go down, more potential homebuyers will be flooding the market, which will ultimately continue to drive up home prices, making things more expensive next year despite the lower rate,” Tooley says.
The bottom line
Finally, there’s one last important reason not to delay. Buying a home now allows you to lock in today’s prices while opening up the door for a more affordable loan later.
“Today’s homebuyers will almost certainly be able to refinance down the road,” Birk said. “Buying today, with the flexibility to refinance later, could offer a balanced path forward in an uncertain rate environment.”
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Jennifer Lawrence and Malala Yousafzai on their new documentary about Afghan women
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Pedro Pascal, Joseph Quinn, and Fred Hechinger on stepping into the world of “Gladiator II”
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