MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

This week’s reports cover a broad spectrum of the economy. Plus, corporate earnings will also give us a read on how the economy is performing.

  • Economic data kicks off on Tuesday with Retail Sales.
  • We’ll get an update on the manufacturing sector with the Empire State Index on Wednesday and the Philadelphia Fed Index on Thursday.
  • Two key inflation reports are ahead: the wholesale-measuring Producer Price Index will be released Wednesday, followed by the Consumer Price Index on Friday.
  • Thursday brings Weekly Initial Jobless Claims.
  • Housing news begins Thursday with the NAHB Housing Market Index. Housing Starts and Building Permits will be released Friday.
  • Also on Friday, the Consumer Sentiment Index will be released.

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 reversed course mid-week. Home loan rates remain attractive and near historic lows.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday July 10, 2015)

Japanese Candlestick Chart
The Mortgage Market Guide View…

4 Ways to Build Your Personal Brand

Building your personal brand takes time. How much time? However long it takes you to establish trust, giving the people you want to do business with a solid sense of your competency. Here are a few ideas to help you speed things up:

Leverage peer praise by looking for any and every opportunity to ask your clients and other business contacts to write a LinkedIn recommendation that sings your praises. Social proof is credible and influential.

Host an event and invite both clients and potential contacts. When new people rub elbows with other associates who love what you do, your reputation has a chance to spread faster.

Write articles for local news or trade publications, or check with local radio and television stations to see if they need a regularly appearing guest. Get copies and send them out to your database. Giving value to your specific marketplace highlights your expertise and experience.

Speak in public and invite crucial connections to your talks or business development seminars. Even if they might not personally benefit from the information, they will be interested to see your confidence and know-how in action.

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

Source: The Ackert Advisory

Economic Calendar for the Week of July 13 – July 17

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. July 14
08:30
Retail Sales
Jun
NA
1.2%
HIGH
Tue. July 14
08:30
Retail Sales ex-auto
Jun
NA
1.0%
HIGH
Wed. July 15
08:30
Producer Price Index (PPI)
Jun
NA
0.5%
Moderate
Wed. July 15
08:30
Core Producer Price Index (PPI)
Jun
NA
0.1%
Moderate
Wed. July 15
08:30
Empire State Index
Jul
NA
-2.0
Moderate
Wed. July 15
02:00
Beige Book
Jul
NA
NA
Moderate
Thu. July 16
08:30
Jobless Claims (Initial)
7/11
NA
297K
Moderate
Thu. July 16
10:00
Housing Market Index
Jul
NA
59
Moderate
Thu. July 16
10:00
Philadelphia Fed Index
Jul
NA
15.2
HIGH
Fri. July 17
08:30
Consumer Price Index (CPI)
Jun
NA
0.4%
HIGH
Fri. July 17
08:30
Core Consumer Price Index (CPI)
Jun
NA
0.1%
HIGH
Fri. July 17
08:30
Building Permits
Jun
NA
1275K
Moderate
Fri. July 17
08:30
Housing Starts
Jun
NA
1036K
Moderate
Fri. July 17
10:00
Consumer Sentiment Index (UoM)
Jul
NA
96.1
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. 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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