Happy Thanksgiving. Many of us have a lot to be thankful for. One of my favorite quotes from Warren Buffett:
I’ve had it so good in this world, you know. The odds were fifty-to-one against me being born in the United States in 1930. I won the lottery the day I emerged from the womb by being in the United States instead of in some other country where my chances would have been way different.
Before you sit down to eat, ponder this… How many calories does the average person eat for Thanksgiving: 4,500. That’s over twice the normal intake. Here is the science of overeating.
Mortgage rates on the rise
Mortgage rates keep rising after Trump’s election (LA Times) Mortgage giant Freddie Mac said Wednesday that the average rate on a 30-year fixed rate loan shot up to 4.03%, the highest rate this year. In fact, it’s the highest it’s been since July 2015 and up from 3.94% a week earlier. The rate on 15-year home loans climbed to 3.25%, up from 3.14% last week and highest since January.
With rising rates, comes a surge in applications as people try to get a new mortgage before rates go up. (Wall St Journal) – Applications for mortgages to purchase homes soared 13% during the week ended Nov. 18 from the previous week, according to data released Wednesday by the Mortgage Bankers Association. That was also up 11% from a year earlier and the biggest weekly increase since early January. Refinancing applications, though, went the other way, dropping 3% from the previous week, continuing a steady slide as rising mortgage rates have damped demand among existing homeowners.
New personal finance book
New personal finance book – (CBS News) Yahoo finance columnist and CBS Sunday Morning correspondent David Pogue has a new guide to help get our lives in line: “Pogue’s Basics: Money: Essential Tips and Shortcuts (That No One Bothers to Tell You) About Beating the System.” This is his third book on the New York Times best-selling series. Pogue joins “CBS This Morning” to offer practical tips.
The book is available at Amazon
Money and Vitamins
Are you wasting money on vitamans and supplements? (NY Times) – I take a handful of supplements and vitamins every day. Yes, one handful… all at once… Are these pills improving my well being or simply improving the color of my liquid waste. This article is really worth your while…. Ittouches on the perceived advanatges of various minerals, etc., and then offers scientific evidence which may refute claims made by the product. Am I wasting my money? Perhaps. I just think of these supplements as an insurance policy. Hopefully, they are making a difference, but I suspect I’ll never really know if they are doing me any good. Regardless, the money I am spending is relatively nominal as I buy these supplements at Costco.
Deals, deals, deals…
While I’m not going to advocate spending money unnecessarily, I thought some of you might be interested in these deals:
A 50-inch Ultra HDTV for $249.99 at Target (sale starts at 6pm on Thanksgiving)
A discount on Bose headphones… these almost never go on sale
You could always just look at the Black Friday deals at Amazon