Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why home renovations are not necessarily a great investment.

Quote of the Day

"The concept of work takes on a new meaning when you don’t need the paycheck, but nonetheless, most people thrive with a sense of purpose."

(Blair duQuesnay)

Chart of the Day

Mortgage rates are off their highs but still up a lot. (chart via Mortgage Daily News)