Forecast for the Week 
- The deluge of data begins on Wednesday with the Fed’s Beige Book, Retail Sales and Producer Price Index, which measures wholesale inflation.
- The Consumer Price Index and weekly Initial Jobless Claims will be delivered on Thursday.
- The week culminates with regional manufacturing data from the Empire State Index.
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, Bond prices rose to near the 52-week high recently, helping home loan rates remain near historic lows.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday April 08, 2016)
The Mortgage Market Guide View…
Networking Apps You May Not Have Tried Yet (But Should)
Many businesspeople today are already using LinkedIn. But there are many other innovative networking apps you can use to expand and deepen all the relationships in your sphere or to add a few new ones. Here are a few to try:
Grow your network.
Foster stress-free business encounters with Shapr, which curates a list of new potential contacts for you each day. Once you choose a contact based upon relevant interests, location and experience, and the other party approves, you’re able to connect.
Make the most of events.
Lanyrd uses data from social profiles and LinkedIn to help you discover worldwide conferences and events; browse events by location, date and industry; and even see what events your LinkedIn connections are going to attend.
Maximize event experiences (as an attendee or the host) by connecting with attendees via Bizzabo. This app features private one-on-one messaging, attendee profiles, social media integration, polls, surveys and more for on-site event engagement.
Get face to face.
Weave is a membership-based online community. At the beginning of the week, Weave will email you to see if you’re available for a meeting that week and, if so, introduce you to another professional based on your expertise and interests. The expectation of community membership is that you are available to meet your new connection on a Friday or Saturday for networking.
To fill up a free lunch hour, LetsLunch is another app that helps fill downtime with productive introductions. The app syncs with your calendar, letting you designate days and times you’re available for lunch. Then, when you accept an invitation, simply drag profiles down to the day and time you both have available in your calendar, and the connection is made.
If you’re looking to expand your professional network but don’t necessarily have the time to join an organization, give one of these apps a try.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Sources: CNBC, OPEN Forum
Economic Calendar for the Week of April 11 – April 15
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Wed. April 13 |
08:30
|
Producer Price Index (PPI) |
Mar
|
NA
|
-0.2%
|
Moderate
|
|
| Wed. April 13 |
08:30
|
Core Producer Price Index (PPI) |
Mar
|
NA
|
0.0%
|
Moderate
|
|
| Wed. April 13 |
08:30
|
Retail Sales |
Mar
|
NA
|
-0.1%
|
HIGH
|
|
| Wed. April 13 |
08:30
|
Retail Sales ex-auto |
Mar
|
NA
|
-0.1%
|
HIGH
|
|
| Wed. April 13 |
02:00
|
Beige Book |
Apr
|
NA
|
NA
|
Moderate
|
|
| Thu. April 14 |
08:30
|
Core Consumer Price Index (CPI) |
Mar
|
NA
|
0.3%
|
HIGH
|
|
| Thu. April 14 |
08:30
|
Consumer Price Index (CPI) |
Mar
|
NA
|
-0.2%
|
HIGH
|
|
| Thu. April 14 |
08:30
|
Jobless Claims (Initial) |
4/09
|
NA
|
267K
|
Moderate
|
|
| Fri. April 15 |
08:30
|
Empire State Index |
Apr
|
NA
|
0.6
|
Moderate
|
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Mortgage Info By Michelle Wickett 