MMG WEEKLY

MMG Weekly / Vantage Production.blueForecast for the Week

Housing reports highlight an otherwise slow week for economic data.

  • Wednesday brings Existing Home Sales for June. Look for June’s New Home Sales figures on Friday.
  • Weekly Initial Jobless Claims will be released on Thursday, as usual.

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, the markets have been volatile in recent weeks. Home loan rates remain attractive and near historic lows.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday July 17, 2015)

Japanese Candlestick Chart
The Mortgage Market Guide View…

4 Easy Ways to Meet Your Deadlines

“The ultimate inspiration is the deadline.” Nolan Bushnell, founder, Atari Corporation

Deadlines are a normal part of life, but many people fall prey to the “planning fallacy,” or the tendency to be overly optimistic about how much time they need to complete a future task.

Here are easy actions you can take to help you achieve your goals on time, every time:

  1. Work on the hardest deadlines first. Front loading your day, week or month creates a lighter load toward the end of the time period, giving you the flexibility to stretch out your work if you hit snags along the way.
  2. Set due dates a couple of days before the “real” deadline. This will help account for both normal hiccups and unforeseen delays, and give you extra time to handle any issues that may arise.
  3. Remind yourself more often. Leverage technology–—such as Google Calendar or your smartphone–—to alert you weeks, days and hours from your deadline. These reminders will help quash procrastinating.
  4. Make a public promise. Bring personal pride into the equation. Procrastination usually takes a back seat to public failure.

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

Source: Lifehacker

Economic Calendar for the Week of July 20 – July 24

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Wed. July 22
10:00
Existing Home Sales
Jun
NA
5.35M
Moderate
Thu. July 23
08:30
Jobless Claims (Initial)
7/18
NA
281K
Moderate
Fri. July 24
10:00
New Home Sales
Jun
NA
546K
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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