Phil Grossfield's Blog


That’s My Dad!

stusantaThat’s My Dad!  I posted last week about my childhood visits to the Dayton’s (now Macy’s) Holiday Display in downtown Minneapolis.  I didn’t know it, but we actually got a group picture, my father included.  I never thought in a million years I would ever see my Dad (82) posing with Santa…but here it is, indisputable evidence of the same.  It just goes to show that anything is possible!

My Market Update – 12/22/2014

boredThe 30-year Fannie Mae bond is trading at par since Friday’s close.  Generally a lender’s pricing improves when the bond is being bought and gets worse when selling off.  Today neither is happening so you’d expect pricing to be the same as Friday’s close…and it is.

Not much is going on today and despite more economic reports tomorrow I don’t expect too much volatility unless some big news is revealed.  Simply put, there’s just not that much going on right now.  If that changes I’ll try to give you a heads-up…

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