MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

The week is full of key economic data on housing, manufacturing and inflation, all leading up to the highly anticipated September Jobs Report on Friday.
  • 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.
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 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)

Japanese Candlestick Chart

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

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.

Equal_Housing_Opportunity

Tell me what you think

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s