The Economy: Thursday saw a VERY BIG move higher in yields. This is good for savers, bad for borrowers. Yields on the 10y treasury hit highs not seen since 2011; we care because mortgage rates are based off the 10y yield. All borrowing costs will increase as rates head higher. Treasury yields are higher after a week of mostly strong economic data and concern the Federal Reserve will continue to hike rates.
Food for Thought: A new law has been passed that makes credit freezes free and fraud alerts last for 1 year. Here are some answers to FAQs on the new credit law.
Mixing Business with Pleasure: The La Jolla Art Festival is this weekend, Sat and Sun from 10-6PM. It is located on Girard between Torrey Pines Road and Prospect with artists, food, music, etc...