Phil Grossfield's Blog

That’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

The 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.