MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

This week continues with big economic headliners, culminating with the July Jobs Report on Friday.
  • 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.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve. In contrast, 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 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)

Japanese Candlestick Chart

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

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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