Let me save you a web search tomorrow: 1-800-butterball. A web search turned up a misconception: It appears that robber Willie Horton, when he was asked why he robbed banks, never said, "That's where the money is." But banks are where the money is, and it is certainly catchy. You don’t think someone is making money off your money sitting in that bank? Another web search shows that the 1-year CD national average is 0.43 percent. The current 1-year risk-free Treasury bill is yielding 4.75 percent. How can you get around that spread where the bank earns 4.75 percent for a year but pays you less than .5 percent? Tip of the day: Go to https://www.treasurydirect.gov/ and see the yields of what you can buy directly from the government and the minimums required. I don’t recall anyone predicting 1-year rates would be near or at 5 percent by year end (or per loan costs would be over $11,000 per loan). Still, there’s a lot of planning going on for 2023 and a good portion of that is based on mortgage rates. I am reminded of this maxim from Lao Tzu: If you are depressed, you are living in the past. If you are anxious, you are living in the future. If you are at peace, you are living in the present. (Today’s podcast is available here and this week’s is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology, and other services in the mortgage industry and in banking. Today’s episode features an interview with Attorney Robert Maddox on how the mortgage industry learned from the 2008 financial crisis and some reasons it is better positioned in the current environment.)