Forecast for the Week 
- Housing data is plentiful with the S&P/Case-Shiller Home Price Index and New Home Sales on Tuesday, followed by Pending Home Sales on Thursday.
- Consumer Confidence will be released on Tuesday as well, while the Consumer Sentiment Index follows on Friday.
- Durable Goods Orders will be delivered on Wednesday.
- Thursday brings the closely watched Gross Domestic Product numbers along with the usual weekly Initial Jobless Claims.
- Friday ends with the inflation reading Personal Consumption Expenditures along with Personal Income and Personal Spending.
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 have been on a slight seesaw pattern since late July as investors have reacted to both domestic and global economic news. Despite this, home loan rates remain near historic lows.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday August 21, 2015)
- View feedback as a developmental opportunity, not a way to show people they’re wrong. Create conditions for recipients to absorb, reflect and learn by addressing them in private rather than in front of peers. Keep your tone firm and professional, and avoid shouting.
- Enter the conversation with a positive attitude, as people often match the tone of the person approaching them. This will help prevent the feedback session ending in frustration, defensiveness or discomfort.
- Turn feedback into a problem-solving process by asking questions. Keep statements as brief as possible. Then ask things like: “What ideas do you have that might improve this situation?” “What are you taking away from this conversation?” “What steps will you take, when, and how will I know you’re taking them?”
These simple steps can mean the difference between making someone feel diminished and unwelcome, and creating an empowered contributor to your team or organization.
As always, feel free to pass these helpful tips along to your team, clients and colleagues.
Source: Harvard Business Review
Economic Calendar for the Week of August 24 – August 28
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Tue. August 25 |
09:00
|
S&P/Case-Shiller Home Price Index |
Jun
|
NA
|
4.9%
|
Moderate
|
|
| Tue. August 25 |
10:00
|
New Home Sales |
Jul
|
NA
|
482K
|
Moderate
|
|
| Tue. August 25 |
10:00
|
Consumer Confidence |
Aug
|
NA
|
90.9
|
Moderate
|
|
| Wed. August 26 |
08:30
|
Durable Goods Orders |
Jul
|
NA
|
3.4%
|
Moderate
|
|
| Thu. August 27 |
08:30
|
GDP Chain Deflator |
Q2
|
NA
|
2.0%
|
Moderate
|
|
| Thu. August 27 |
08:30
|
Gross Domestic Product (GDP) |
Q2
|
NA
|
2.3%
|
Moderate
|
|
| Thu. August 27 |
08:30
|
Jobless Claims (Initial) |
8/22
|
NA
|
277K
|
Moderate
|
|
| Thu. August 27 |
10:00
|
Pending Home Sales |
Jul
|
NA
|
-1.8%
|
Moderate
|
|
| Fri. August 28 |
08:30
|
Personal Income |
Jul
|
NA
|
0.4%
|
Moderate
|
|
| Fri. August 28 |
08:30
|
Personal Spending |
Jul
|
NA
|
0.2%
|
Moderate
|
|
| Fri. August 28 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Jul
|
NA
|
0.1%
|
HIGH
|
|
| Fri. August 28 |
08:30
|
Personal Consumption Expenditures and Core PCE |
YOY
|
NA
|
1.3%
|
HIGH
|
|
| Fri. August 28 |
10:00
|
Consumer Sentiment Index (UoM) |
Aug
|
NA
|
92.9
|
Moderate
|
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Mortgage Info By Michelle Wickett 