Forecast for the Week 
- The packed economic calendar kicks off on Monday with Personal Income, Personal Spending, Personal Consumption Expenditures (inflation gauge) and the national manufacturing ISM Index.
- Look for the ADP National Employment Report and the ISM Services Index on Wednesday.
- Thursday brings weekly Initial Jobless Claims and Productivity for the last quarter of 2015.
- The week culminates on Friday with the Jobs Report for January, which includes Non-farm Payrolls, the Unemployment Rate and Hourly Earnings.
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. When Bond prices 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, January has been a great month for Mortgage Bonds. Home loan rates remain near historic lows.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday January 29, 2016)
The Mortgage Market Guide View…
8 Secrets for Supercharging LinkedIn
Get more from LinkedIn with a few of these little-known tips, tricks and hacks:
Join national LinkedIn Groups related to your industry. After you’re a member you can post content in group discussions, and you’ll see an immediate jump in post interaction.
Add the Rapportive plugin to Gmail, which replaces right-hand column advertising with details from the LinkedIn profile of anyone who emails you.
Use the LinkedIn Alumni tool to explore your alumni network and find common bonds you may be able to leverage into business relationships.
When you meet a new potential customer, reference LinkedIn to discover connections you may have in common, then ask for a warm referral.
Track what’s new with connections. Hover over the “My Network” tab and then select “Connections” to reveal anniversaries, career transitions and job changes. Reconnect to discover needs at a time when business decisions are often made. Set a weekly calendar reminder to perform this activity.
Keep people on your profile longer by switching off the “Also Viewed Profile” box, which redirects viewers to other LinkedIn profiles that may be similar to yours. Hover over your profile image in the top right-hand corner, select “Manage” next to “Privacy & Settings,” then select “Show/hide ‘Viewers of this profile also viewed’ box” and uncheck.
Get LinkedIn to remind you to connect. LinkedIn will send you reminders for specific contacts. Select the “Relationship” tab found directly underneath your contact’s profile picture, then click “Reminder” and fill in the desired time or recurring alert.
Get LinkedIn to perform automatic searches and email you the results. Click on “Advanced” (to the right of the search bar), fill in your criteria and click the blue “Search” button. Finally, click “Save search” (underneath your profile picture, to the left of the gear icon) and enter a title and how often you want LinkedIn to perform the search.
The more you know about LinkedIn, the easier it is to make connections and get business. Spend a few minutes applying these secrets today.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Sources: Inc.com, HubSpot
Economic Calendar for the Week of February 1 – February 5
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. February 01 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Dec
|
NA
|
0.1%
|
HIGH
|
|
| Mon. February 01 |
08:30
|
Personal Consumption Expenditures and Core PCE |
YOY
|
NA
|
1.3%
|
HIGH
|
|
| Mon. February 01 |
08:30
|
Personal Spending |
Dec
|
NA
|
0.3%
|
Moderate
|
|
| Mon. February 01 |
08:30
|
Personal Income |
Dec
|
NA
|
0.3%
|
Moderate
|
|
| Mon. February 01 |
10:00
|
ISM Index |
Jan
|
NA
|
48.2
|
HIGH
|
|
| Wed. February 03 |
08:15
|
ADP National Employment Report |
Jan
|
NA
|
257K
|
HIGH
|
|
| Wed. February 03 |
10:00
|
ISM Services Index |
Jan
|
NA
|
55.3
|
Moderate
|
|
| Thu. February 04 |
08:30
|
Jobless Claims (Initial) |
1/30
|
NA
|
278K
|
Moderate
|
|
| Thu. February 04 |
08:30
|
Productivity |
Q4
|
NA
|
2.2%
|
Moderate
|
|
| Fri. February 05 |
08:30
|
Non-farm Payrolls |
Jan
|
NA
|
292K
|
HIGH
|
|
| Fri. February 05 |
08:30
|
Unemployment Rate |
Jan
|
NA
|
5.0%
|
HIGH
|
|
| Fri. February 05 |
08:30
|
Hourly Earnings |
Jan
|
NA
|
0.0%
|
HIGH
|
|
| Fri. February 05 |
08:30
|
Average Work Week |
Jan
|
NA
|
34.5
|
HIGH
|
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Mortgage Info By Michelle Wickett 