Forecast for the Week 
- Monday kicks off with Personal Income and Personal Spending as well as the inflation reading Personal Consumption Expenditures (PCE).
- Housing data will be released Monday and Tuesday with Pending Home Sales followed by the S&P/Case-Shiller Home Price Index.
- Also on Tuesday, Consumer Confidence will be reported.
- The ADP National Employment Report will be released Wednesday.
- Manufacturing numbers will come from the Chicago PMI on Wednesday followed by the national ISM Index on Thursday.
- As usual, weekly Initial Jobless Claims will also be reported on Thursday.
- Finally, the week closes with the September Jobs Report on Friday, which includes the closely watched Non-farm Payrolls and Unemployment Rate.
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 Bond prices have remained higher in recent weeks, keeping home loan rates near historic lows.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday September 25, 2015)
The Mortgage Market Guide View…
6 TED Talks for Developing Powerful Leadership
You don’t have to go to management school to learn how to be a great leader. These short TED lectures will help you unleash your leadership potential. Watch them yourself, make a day of it and host your own “leadership retreat” for employees, clients or referral partners, or use them as part of a “lunch and learn” discussion.
The Power of Believing That You Can Improve – Carol Dweck researches motivation, why people succeed (or don’t) and how to foster success. In this talk, she describes two ways to think about a problem that’s slightly too hard for you to solve.
The Key To Success? Grit – Angela Lee Duckworth defines grit as “passion and perseverance for long-term goals.” She explains her theory of “grit” as a predictor of success.
Plug Into Your Hard-wired Happiness – Executive, educator and life coach Srikumar Rao discusses how happiness is hardwired into us and easier to achieve than many people think.
3 Rules to Spark Learning – Educator Ramsey Musallam shows how curiosity and experimentation are the keys to powerful innovation.
The Power of Vulnerability – Researcher Brené Brown explains why being vulnerable helps you address, acknowledge and work through almost any internal resistance in yourself or others.
How Too Many Rules at Work Keep You From Getting Things Done – Business Consultant Yves Morieux shows how measurement and processes can be counterproductive and how to make more room for freedom and collaboration.
Feel free to pass these helpful tips along to your team, clients and colleagues!
Source: Inc.com
Economic Calendar for the Week of September 28 – October 2
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. September 28 |
08:30
|
Personal Income |
Aug
|
0.4%
|
0.4%
|
Moderate
|
|
| Mon. September 28 |
08:30
|
Personal Spending |
Aug
|
0.3%
|
0.3%
|
Moderate
|
|
| Mon. September 28 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Aug
|
0.1%
|
0.1%
|
HIGH
|
|
| Mon. September 28 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Aug
|
NA
|
1.2%
|
HIGH
|
|
| Mon. September 28 |
10:00
|
Pending Home Sales |
Aug
|
0.5%
|
0.5%
|
Moderate
|
|
| Tue. September 29 |
09:00
|
S&P/Case-Shiller Home Price Index |
Jul
|
5.0%
|
5.0%
|
Moderate
|
|
| Tue. September 29 |
10:00
|
Consumer Confidence |
Sep
|
96.0
|
101.5
|
Moderate
|
|
| Wed. September 30 |
08:15
|
ADP National Employment Report |
Sep
|
200K
|
190K
|
HIGH
|
|
| Wed. September 30 |
09:45
|
Chicago PMI |
Sep
|
52.7
|
54.4
|
HIGH
|
|
| Thu. October 01 |
08:30
|
Jobless Claims (Initial) |
9/26
|
270K
|
267K
|
Moderate
|
|
| Thu. October 01 |
10:00
|
ISM Index |
Sep
|
50.6
|
51.1
|
HIGH
|
|
| Fri. October 02 |
07:30
|
Average Work Week |
Sep
|
34.6
|
34.6
|
HIGH
|
|
| Fri. October 02 |
08:30
|
Non-farm Payrolls |
Sep
|
205K
|
173K
|
HIGH
|
|
| Fri. October 02 |
08:30
|
Unemployment Rate |
Sep
|
5.1%
|
5.1%
|
HIGH
|
|
| Fri. October 02 |
08:30
|
Hourly Earnings |
Sep
|
0.2%
|
0.3%
|
HIGH
|
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Mortgage Info By Michelle Wickett 