Forecast for the Week 
- Regional manufacturing data kicks off the week Monday with the Empire State Index followed by the Philadelphia Fed Index on Thursday.
- Housing news is peppered throughout the week with the NAHB Housing Market Index on Monday, Housing Starts and Building Permits on Tuesday, and Existing Home Sales on Friday.
- Consumer inflation is shared via the Consumer Price Index Tuesday.
- FOMC meeting minutes are released Wednesday.
- Weekly Initial Jobless Claims will be released Thursday.
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, economic news at home and abroad has kept MBS near historic highs, meaning home loan rates are still near historic lows.
Chart: Fannie Mae 3.0% Mortgage Bond (Friday May 13, 2016)
The Mortgage Market Guide View…
4 Tips for Becoming a Productive Morning Person
According to the researchers and authors of the “The Body Clock Guide to Better Health,” only 1 in 10 people can truly be categorized as an early riser, only 2 in 10 can be categorized as night owls, and the rest of us fall (asleep) somewhere in the middle. The good news is each of us can retrain our bodies to rise earlier, and start our workday feeling more refreshed and more productive. If you have trouble with a morning routine, here are four tips to try:
Start off slow. Go to bed 15 minutes earlier than usual and wake up 15 minutes sooner to ease your body into the transition. Once you’ve adjusted, repeat these quarter-hour increment changes until you awake at your preferred time.
You snooze, you lose. When you repeatedly hit the snooze button, you’re not actually getting more sleep. Instead, you’re disrupting physiological waking patterns, and it could cause you to feel more groggy the rest of the day. Place your alarm well out of arm’s reach, so you have to get up to turn it off.
Prepare the night before. Select your clothes, pack your gym bag, plan your breakfast and make your lunch. This will allow you to ease into the morning without rushing to get too many things done at once.
Don’t ignore your stomach. Going to bed too full or too hungry can disrupt sleep. (Likewise, drinking too much liquid can keep you awake, too). See these before-bed snack ideas to keep your stomach satisfied until breakfast.
Want even more ideas? Here are 15 additional ways you can train yourself to be an early riser. Starting each morning off right often hinges on how well you prepare the night before. Make it easier to expend your morning mental energy on productive work. Try these tips for becoming a morning person.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Sources: Daily Burn, Fitness Magazine, Prevention
Economic Calendar for the Week of May 16 – May 20
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. May 16 |
08:30
|
Empire State Index |
May
|
NA
|
9.6
|
Moderate
|
|
| Mon. May 16 |
10:00
|
Housing Market Index |
May
|
NA
|
58
|
Moderate
|
|
| Tue. May 17 |
08:30
|
Building Permits |
Apr
|
NA
|
1086K
|
Moderate
|
|
| Tue. May 17 |
08:30
|
Housing Starts |
Apr
|
NA
|
1089K
|
Moderate
|
|
| Tue. May 17 |
08:30
|
Core Consumer Price Index (CPI) |
Apr
|
NA
|
0.1%
|
HIGH
|
|
| Tue. May 17 |
08:30
|
Consumer Price Index (CPI) |
Apr
|
NA
|
0.1%
|
HIGH
|
|
| Wed. May 18 |
02:00
|
FOMC Minutes |
Apr
|
NA
|
NA
|
HIGH
|
|
| Thu. May 19 |
08:30
|
Jobless Claims (Initial) |
5/14
|
NA
|
NA
|
Moderate
|
|
| Thu. May 19 |
08:30
|
Philadelphia Fed Index |
May
|
NA
|
-1.6
|
HIGH
|
|
| Fri. May 20 |
10:00
|
Existing Home Sales |
Apr
|
NA
|
5.33M
|
Moderate
|
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Mortgage Info By Michelle Wickett 