Forecast for the Week 
- Manufacturing data via the ISM Index will be released Monday. Look for the ISM Services Index on Wednesday.
- Also on Wednesday, Productivity for the first quarter and the ADP National Employment Report will be released.
- Thursday brings weekly Initial Jobless Claims.
- The big news comes Friday with the April Jobs Report that includes Average Work Week, Hourly Earnings, Non-farm Payrolls and the Unemployment Rate.
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.
As you can see in the chart below, despite some recent volatility, Mortgage Bonds remain near historic best levels.
Chart: Fannie Mae 3.0% Mortgage Bond (Friday April 29, 2016)
The Mortgage Market Guide View…
Save Big on Shipping for Your Business
Small businesses and busy professionals often have items to ship, like documents and packages for clients or vendors. If you’re not careful, all that shipping can cost you, especially if you’re still paying retail prices. You may be able to benefit from opening a small business account with one of these major shippers:
The USPS doesn’t offer direct discounts to small businesses (aside from bulk mailing). However, Commercial Base Pricing is available for First Class Package Service, Priority Mail, Priority Mail Express and more when you sign up with an online postage service provider such as Stamps.com (for a monthly fee). Not only will you be able to order and print postage online, you can save between 5 and 51 percent on postage costs.
With a small business account from UPS you can print labels, get free shipping materials, pay for shipping on a weekly basis, and receive a daily scheduled pickup. Discounts range from 9 percent on ground shipping up to 18 percent for overnight air and international services.
FedEx offers small businesses a suite of options ranging from free shipping materials to monthly billing and discounts between 8 to 60 percent, depending on the service. You can schedule daily pickups, or for less frequent shipping, order a pickup on-demand via the 800 number or online. FedEx also offers a rewards program that lets you choose gifts using points earned with each shipment.
Shipping needs can vary depending on pricing for routes as well as packaging requirements between carriers. Explore these options to maximize your savings.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Sources: Stamps.com, UPS, FedEx
Economic Calendar for the Week of May 2 – May 6
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. May 02 |
10:00
|
ISM Index |
Apr
|
NA
|
51.8
|
HIGH
|
|
| Wed. May 04 |
08:15
|
ADP National Employment Report |
Apr
|
NA
|
200K
|
HIGH
|
|
| Wed. May 04 |
08:30
|
Productivity |
Q1
|
NA
|
-2.2%
|
Moderate
|
|
| Wed. May 04 |
10:00
|
ISM Services Index |
Apr
|
NA
|
54.5
|
Moderate
|
|
| Thu. May 05 |
08:30
|
Jobless Claims (Initial) |
4/30
|
NA
|
NA
|
Moderate
|
|
| Fri. May 06 |
08:30
|
Non-farm Payrolls |
Apr
|
NA
|
215K
|
HIGH
|
|
| Fri. May 06 |
08:30
|
Unemployment Rate |
Apr
|
NA
|
5.0%
|
HIGH
|
|
| Fri. May 06 |
08:30
|
Average Work Week |
Apr
|
NA
|
34.4
|
HIGH
|
|
| Fri. May 06 |
08:30
|
Hourly Earnings |
Apr
|
NA
|
0.3%
|
HIGH
|
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Mortgage Info By Michelle Wickett 