MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

This week’s economic calendar is light, though the second half of the week features several key reports.
  • Tuesday kicks off with data from second quarter Productivity.
  • Jump ahead to Thursday with weekly Initial Jobless Claims and the closely watched Retail Sales report.
  • On Friday, the Consumer Sentiment and the Producer Price Indexes 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. 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 are 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 improved throughout the latter part of July. Home loan rates remain near historic lows.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday August 07, 2015)

Japanese Candlestick Chart
The Mortgage Market Guide View…

Summer of Success Reading List

If you’re looking for a few great titles to wrap up your summer reading, look no further than these top picks from Amazon’s Best Seller list! These great reads will boost your morale and motivate you to take on the rest of the year.

Getting to Yes with Yourself (and Other Worthy Opponents) is the highly anticipated follow up to “Getting to Yes: Negotiation Agreement Without Giving In.” Harvard University professor and negotiation expert William Ury addresses one of the most common obstacles to achieving goals: negative self-talk.

StrengthsFinder 2.0 asks if you have the opportunity to do what you do best every day. For many, natural talents go untapped. Instead, people devote more time to fixing perceived shortcomings than to developing and using strengths. This book reveals how to change the pattern.

The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing shares the secrets of the most popular organization consultant in Tokyo. Disorganization contributes to problems in both business and life. But author Marie Kondo (whose consultancy has a three-month waiting list) promises if you organize your home or office just once—and do it properly—you’ll never have to do it again, and you’ll see positive results.

The Achievement Habit: Stop Wishing, Start Doing, and Take Command of Your Life written by the co-founder of Stanford’s d.School, Bernard Roth, shares thinking insights gained from solving large-scale design projects. Gain confidence, overcome obstacles that keep you from your potential, and learn to think more creatively from one of the masters of applied creative thought.

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

Economic Calendar for the Week of August 10 – August 14

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. August 11
08:30
Productivity
Q2
NA
-3.1%
Moderate
Thu. August 13
08:30
Jobless Claims (Initial)
8/08
NA
NA
Moderate
Thu. August 13
08:30
Retail Sales
Jul
NA
-0.3%
HIGH
Thu. August 13
08:30
Retail Sales ex-auto
Jul
NA
-0.1%
HIGH
Fri. August 14
08:30
Producer Price Index (PPI)
Jul
NA
0.4%
Moderate
Fri. August 14
08:30
Core Producer Price Index (PPI)
Jul
NA
0.3%
Moderate
Fri. August 14
10:00
Consumer Sentiment Index (UoM)
Aug
NA
93.1
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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