MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Look for just a few key reports, all in the second half of the week. Plus, news from overseas and any opinions from the Fed could also impact the markets.

  • Economic data doesn’t begin until Thursday with Weekly Initial Jobless Claims and Retail Sales.
  • Friday’s data includes the Producer Price Index, which measures inflation at the wholesale level, and the Consumer Sentiment Index.

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 on which home loan rates are based.

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, Mortgage Bonds have worsened in recent days thanks to rising global Bond yields and the strong May Jobs Report. Home loan rates still remain near historic lows.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday June 5, 2015)

Japanese Candlestick Chart
The Mortgage Market Guide View…

Tackle Your Goals With Coaching

Mentoring has been integral to business since business began, but coaching has emerged as a profession only in the last few decades.

Today an estimated 47,500 professional coaches worldwide help people in all aspects of life and career success. If you’ve ever wondered if there was someone who could help you get from where you are today to where you want to be, a coach may be the right call.

Here’s how to make sure this partnership is a success.

Be clear on what you want to accomplish. Are you in a career transition? Do you want to pursue a passion? Are you unhappy in your career or life? Knowing your objectives will help you locate a coach who matches your specific needs.

Ask for credentials. While the coaching industry is largely unregulated, the International Coach Federation (ICF) is a great resource for beginning your search. A highly-recommended coach will be glad to offer references you can interview. And, you should always trust your gut.

Be willing to invest time, effort and money. Most coaches charge by the hour, ranging from $75 to $250 or more. Expect weekly, bi-weekly or monthly meetings for three to six months, as well as homework to keep you accountable.

Expect a payoff. A study conducted by PricewaterhouseCoopers found professional coaching resulted in up to 80 percent improved self-confidence, 70 percent improved work performance, and 67 percent improved life/work balance.

As always, feel free to pass these helpful tips along to your team, clients and colleagues!

Source: Forbes

Economic Calendar for the Week of June 8 – June 12

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Thu. June 11
08:30
Jobless Claims (Initial)
6/06
NA
276K
Moderate
Thu. June 11
08:30
Retail Sales
May
NA
0.0%
HIGH
Thu. June 11
08:30
Retail Sales ex-auto
May
NA
0.1%
HIGH
Fri. June 12
08:30
Producer Price Index (PPI)
May
NA
-0.4%
Moderate
Fri. June 12
08:30
Core Producer Price Index (PPI)
May
NA
-0.2%
Moderate
Fri. June 12
10:00
Consumer Sentiment Index (UoM)
Jun
NA
90.7
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. 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.

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