Forecast for the Week

• 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.

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

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

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