Forecast for the Week
- The week begins with the National Association of Home Builders Housing Market Index on Monday.
- Look for Housing Starts and Building Permits on Tuesday.
- Existing Home Sales will be released Thursday.
- Weekly Initial Jobless Claims will also be released Thursday, as usual.
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, recent economic news has kept Mortgage Bonds holding steady near 2015 highs. This bodes well for homebuyers.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday October 16, 2015)

8 Tips for Better Communication
Effective communication is about more than just words. How you sit, stand, sound and move have a concrete effect on your listeners. Here are eight easy-to-learn habits you can use to improve your communication, both personally and professionally:
- Stand (or sit) straight, but relaxed. Slouching communicates you lack confidence, and rigidity communicates fear or anger. A straight, relaxed posture helps words flow smoothly.
- Keep your chin up. “Hold your head high” is more than an expression, it’s excellent body language. A downward chin creates neck tension and can restrict airflow, making breathing and speaking more difficult.
- Focus on your listeners. Communication without attention is mere grandstanding. Make friendly eye contact and avoid shifting your eyes sideways, which can appear dishonest.
- Speak with enough volume. Talk loud enough, so people farthest from you can hear—without causing discomfort to those nearby. For bigger spaces, request a microphone or ask people to move closer.
- Use your hands. Observe how celebrities or popular public speakers use their hands to communicate. Be careful not to fiddle, wring out or tightly clench your hands. You will distract from, rather than reinforce, your words.
- Change your position. Subtle changes in body position can add power. Signal a change in topic or idea by moving from one spot to another if you are standing. If seated, lean forward (or back) for emphasis.
- Change your pace. A pace that doesn’t change can seem monotonous and put people to sleep. For summarizing or reviewing, speak faster. Slow down to describe details, introduce new concepts or tell a story.
- Pause for effect. Slight pauses before (and after) you say something important helps create suspense and also gives listeners time to reflect.
Source: Inc.
Economic Calendar for the Week of October 19 – October 23
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
Mon. October 19 |
10:00
|
Housing Market Index |
Oct
|
NA
|
62
|
Moderate
|
|
Tue. October 20 |
08:30
|
Building Permits |
Sep
|
NA
|
1170K
|
Moderate
|
|
Tue. October 20 |
08:30
|
Housing Starts |
Sep
|
NA
|
1126K
|
Moderate
|
|
Thu. October 22 |
08:30
|
Jobless Claims (Initial) |
10/17
|
NA
|
255K
|
Moderate
|
|
Thu. October 22 |
10:00
|
Existing Home Sales |
Sep
|
NA
|
5.31M
|
Moderate
|
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