Forecast for the Week 
- Monday will see a full economic calendar with Personal Income, Personal Spending, the inflation-measuring Personal Consumption Expenditures and the ISM Manufacturing Index.
- The July ADP National Employment Report and ISM Services Index will be released Wednesday.
- As usual, weekly Initial Jobless Claims will be reported on Thursday.
- That will bring us to Friday’s Jobs Report for July, which includes Non-farm Payrolls and the Unemployment Rate.
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 been on an upswing since mid-July. Home loan rates remain near historic lows.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday July 31, 2015)
The Mortgage Market Guide View…
Try “5S” for a More Productive Day
When you don’t feel as productive as you’d like, a great place to look for a quick fix is your workspace and how it’s organized. “5S” is a system made famous by Toyota, which helped workers catapult the company from obscurity to worldwide recognition. The 5S system is based on five Japanese words: seiri, seiton, seiso, seiketsu and shitsuke.
Here’s a popular variation of the English transliterations of those words, and how you can use them to work smarter, not harder:
Sort. Analyze your workspace. Eliminate any clutter, paperwork, emails, books or processes that prevent or distract you from core performance. This includes your computer desktop and any programs you keep on your task bar or dock, as well as windows you leave open during work sessions.
Set in order. Once you get down to the essential items or programs you need for work, put each item in the most useful, accessible location.
Systematic cleaning. As you work, keep your workspace and desktop as free of clutter as possible. In other words, don’t begin a new task without cleaning up after the last one. Put everything back where it belongs, including closing related programs on your computer. This will help you stay focused on each task as you perform it.
Standardized cleanup. End your day with any cleanup you missed throughout the day. This will ensure you begin work the following morning with a consistent and organized working environment.
Sustain. Make it a habit. Leverage a daily to-do list to remind yourself of each task until it becomes a part of the way you do business.
As always, feel free to pass these helpful tips along to your team, clients and colleagues!
Source: Inc.com
Economic Calendar for the Week of August 03 – August 07
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. August 03 |
08:30
|
Personal Income |
Jun
|
0.3%
|
0.5%
|
Moderate
|
|
| Mon. August 03 |
08:30
|
Personal Spending |
Jun
|
0.2%
|
0.9%
|
Moderate
|
|
| Mon. August 03 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Jun
|
0.2%
|
0.1%
|
HIGH
|
|
| Mon. August 03 |
08:30
|
Personal Consumption Expenditures and Core PCE |
YOY
|
NA
|
1.2%
|
HIGH
|
|
| Mon. August 03 |
10:00
|
ISM Index |
Jul
|
53.7
|
53.5
|
HIGH
|
|
| Wed. August 05 |
08:15
|
ADP National Employment Report |
Jul
|
220K
|
237K
|
HIGH
|
|
| Wed. August 05 |
10:00
|
ISM Services Index |
Jul
|
56.3
|
56.0
|
Moderate
|
|
| Thu. August 06 |
08:30
|
Jobless Claims (Initial) |
8/01
|
271K
|
267K
|
Moderate
|
|
| Fri. August 07 |
08:30
|
Non-farm Payrolls |
Jul
|
227K
|
223K
|
HIGH
|
|
| Fri. August 07 |
08:30
|
Unemployment Rate |
Jul
|
5.3%
|
5.3%
|
HIGH
|
|
| Fri. August 07 |
08:30
|
Average Work Week |
Jul
|
34.5
|
34.5
|
HIGH
|
|
| Fri. August 07 |
08:30
|
Hourly Earnings |
Jul
|
0.2%
|
0.0%
|
HIGH
|
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Mortgage Info By Michelle Wickett 