How To Throw A Memorial Day Weekend Party To Remember

Memorial Day weekend is widely regarded as the beginning of summer and many people kick off their summer plans on the weekend coming up.

We take this time to remember the brave men and women who have given their lives to protect and defend our liberty and freedom. But even while giving thanks for their sacrifice, we also celebrate the beginning of our summer with fun and (hopefully) sun!

As many people are more budget-conscious these days, holiday travel out of town may not be the best option for everyone. There are so many ways to enjoy the first long weekend of the summer, and since it is one of the busiest travel times of the year, maybe you should just plan to stay at your home this Memorial Day.

Not only do you get to skip packing suitcases and spending hours in the car, you'll also save some money!

Below are six ideas to keep your kids smiling and get the whole family involved.

• Plan the Menu - Memorial Day means picnics, and there are all kinds of fun and colorful dishes you can make to celebrate.

• Make Decorations - Red, white and blue are the colors of the day. Get creative with centerpieces, balloons and table settings to make your home a festive holiday venue.

• Invite Friends and Relatives - The more the merrier, right? And you can always ask your guests to bring a snack or covered dish to share.

• Have a Plan B - How many times have you known it to rain on Memorial Day? Have a back-up plan in case Mother Nature makes you retreat inside.

• Have Indoor and Outdoor Games - If the weather cooperates, water games, such as balloons or a slip-n-slide are perfect, but have some board games or crafts ready to go in case you find yourself running for cover. Don't forget to have some games for the adults too!

• Remember the Meaning of Memorial Day - The history behind the holiday is sometimes lost along the way. Make sure the kids realize why this holiday exists — to honor the people who fought to give us the freedom to celebrate.

So get out your address book or cell phone contact list and start calling your friends and relatives who have decided to forego the holiday traffic. With a little organization, you'll be ready to throw a Memorial Day bash that no one will soon forget.

Memorial Day Messes With Mortgage Rates

Mortgage rates across the state are near year-to-date lows, but locking them in this week may be difficult. As Memorial Day nears, and Wall Streeters get a head-start on the long weekends, trade volume in the mortgage bond markets will dip.

When bond volume drops, mortgage rates get jumpy. It's a relationship based more on scarcity than actual market fundamentals.

It works like this:

1. Conforming and FHA mortgage rates are based on the "market price" of a mortgage-backed bond
2. Mortgage-backed bonds can't be bought or sold without a buyer and a seller at a specific price

As Friday gets closer this week, and more and more Wall Street traders will leave for their "extended" 3-day weekend, and bond markets will be left with fewer and fewer participants. This will create a market situation in which it's harder to match a buyer and seller at any given bond price, resulting in larger mortgage rate shifts than usual.

These jumps in rates are exaggerated during periods of economic uncertainty like these. What's more, there's a lot of economically-important data due for release this week. That, too, can put markets in hysterics.

If this were a "normal" week, mortgage rates would be volatile. The coming of Memorial Day is just adding to the mix.

Mortgage rates may rise this week, or they may fall.  Either way, if you have the opportunity to lock something favorable, consider doing it.  Rates are low and likely won't last.