MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

The economic data doesn’t begin until late in the week, with several key reports due out on Friday.

  • As usual, weekly Initial Jobless Claims will be released on Thursday. Despite the poor Jobs Report for August, claims have been hovering near 6-year lows.
  • Friday brings the Producer Price Index (which measures inflation at the wholesale level), Retail Sales and Consumer Sentiment.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds were able to improve after the weaker than expected Jobs Report for August. I’ll be watching the markets closely as we head toward the upcoming Fed meeting

Chart: Fannie Mae 4.0% Mortgage Bond (Friday September 06, 2013)

Japanese Candlestick Chart

The Mortgage Market Guide View…

Are You Buried in Email?
These Simple Tips Can Help

Have you ever felt like some of the technology developed to streamline your workday has actually had the opposite result? Email is often one of the biggest offenders. Here are some great tips to help you manage your inbox.

Put key information in your signature. Use the signature field so that you always communicate information in the way you want to share it. Consider creating multiple signatures for various types of emails your send regularly. Examples of items you can include are links to web pages you want people to visit in the near term, answers to current Frequently Asked Questions, and the areas of focus you want your clients to know you are currently researching. Your traditional contact information should also be included.

BCC yourself so nothing slips through your follow up list. BCC yourself on communications you know you will need to follow up on. Consider setting up a rule in your email system so that any email FROM you and TO you automatically goes to a “Follow Up” folder. This way, you need only look in one place to find what you’re looking for when you’re ready to follow up with someone.

Use subject lines to the fullest. A best practice of effective email collaboration: Place a verb at the front of the subject line. Then, use the body of the email to expand on and describe what needs to be done. About the worst thing you can do is to include no subject line at all in the emails you send. In addition, as you send email, especially if it is information that is time sensitive or action oriented, ensure recipients understand this when they see the email in their inbox.

Take time for focused concentration. Some of the emailing you have can be done in between meetings, or while you’re waiting on hold for a conference call to start. Other emails will require more focus, longer time periods and fewer distractions. For the latter, consider carving out several no-interruption periods during your day so you can focus solely on emails requiring a longer response.

These tips are tried and true for a reason: they really do work when you use them…and use them consistently! Be sure to pass them along to your clients and colleagues.

Economic Calendar for the Week of September 09- September 13

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Thu. September 12
08:30
Jobless Claims (Initial)
9/07
NA
323K
Moderate
Fri. September 13
08:30
Retail Sales
Aug
NA
0.2%
HIGH
Fri. September 13
08:30
Retail Sales ex-auto
Aug
NA
0.5%
HIGH
Fri. September 13
08:30
Core Producer Price Index (PPI)
Aug
NA
0.1%
Moderate
Fri. September 13
08:30
Producer Price Index (PPI)
Aug
NA
0.0%
Moderate
Fri. September 13
10:00
Consumer Sentiment Index (UoM)
Sept
NA
82.1
Moderate

The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.

Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.

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