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| Happy Friday, Daily Money readers. Jayme Deerwester back with you one last time before some holiday vacation time next week. But fear not, some Daily Money Hall of Famers will be here to keep you company. |
| According to our web traffic analysis, you guys either love Dave Ramsey news or you love Dave Ramsey schadenfreude. Either way, we've got a fresh dose for you. A former staffer has filed a federal lawsuit, alleging the personal finance guru required his employees to disregard COVID-19 work-from-home orders and attend in-person gatherings of more than 900 workers. They were also encouraged not to wear masks or maintain social distance. |
| 💡 INSIGHT OF THE DAY: "When the Fed increases its interest rates, banks do, too. And when that happens, mortgage rates go up for borrowers," says Nadia Evangelou, senior economist, and director of forecasting for the National Association of Realtors (NAR), who expects mortgage rates to rise to 3.7% by the end of next year. |
| The upside: If inflation remains high and that translates to higher mortgage rates, it could slow the housing market and put "downward pressure" on home prices, Freddie Mac economist Leonard Kiefer tells USA TODAY housing reporter Swapna Venugopal Ramaswamy. |
| Other stories you won't want to miss: |
| Grocery store shelves bare? Products like toilet paper, chicken and coffee may be hard to find amid supply chain disruptions. |
| Elon Musk calls Elizabeth Warren "Senator Karen." Tesla CEO says he'll pay more taxes than "any American in history." |
| Retail credit cards offer deep discounts. But are their perks worth the pitfalls? |
| Payback: New Jersey landlord, accused of demanding sex from tenants, ordered to pay $4.5 million. |
| Today's best Amazon bargains. Apple Airpods Pro; Staub Dutch ovens and more. |
| MOOD MUSIC: There are three holiday albums I can stand the whole way through. They are "A Charlie Brown Christmas," "John Denver and the Muppets: A Christmas Together" and "A Very Special Christmas Vol. 1," which contained Run DMC's classic "Christmas in Hollis" : "Decorate the house with lights at night. Snow's on the ground, snow white so bright. In the fireplace is the yule log. Beneath the mistletoe as we drink egg nog. The rhymes you hear are the rhymes of Darryl's. But each and every year, we bust Christmas carols." |
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