Forecast for the Week 
- Housing news in the form of Existing Home Sales and New Home Sales will be released Wednesday and Thursday respectively.
- Weekly Initial Jobless Claims will arrive Thursday as well.
- Friday wraps up with the Consumer Sentiment Index and Durable Goods Orders.
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, Mortgage Bonds busted through long-term resistance levels recently, keeping home loan rates near historic lows.
Chart: Fannie Mae 3.0% Mortgage Bond (Friday June 17, 2016)
The Mortgage Market Guide View…
Long hours may be costing you. Studies indicate a cascade of negative effects for people’s health and personal lives, as well as reduced productivity, from regularly working extended hours each week. These include:
- Working more than 10 hours a day increases risk of cardiovascular issues by 60 percent.
- 10 percent of those working 50 to 60 hours per week report relationship problems; this jumps to 30 percent for those working 60+ hours.
- Productive work declines after 50 hours per week.
Don’t “just do it.” Plan it, instead. The path to greater productivity and shorter hours is paved by planning. Spend 10 to 15 minutes at the start of your workday (or the end of the day before) to schedule time for essential items on your to-do list.
Do routine check-ins. Set an alarm each hour and take a moment to look at your to-do list and calendar. If you’re not on track, this brief moment of focus will help you recalibrate and, if need be, reprioritize the items on your to-do list. Also schedule time to get up and walk around each hour. Physically you’ll feel better and it will help clear your head to refocus.
Focus on the journey, not the finish line. Instead of feeling pressured to finish projects, focus on starting them or moving them to the next step. For example, don’t plow through your quarterly report to complete it quickly. Instead, make an outline. Then, tackle sections a few at a time. Plan your sales call, rehearse it a few times, take a breather and then call. You can reduce feeling overwhelmed by breaking work into manageable chunks that provide a sense of accomplishment.
Economic Calendar for the Week of June 20 – June 24
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Wed. June 22 |
10:00
|
Existing Home Sales |
May
|
NA
|
5.45M
|
Moderate
|
|
| Thu. June 23 |
08:30
|
Jobless Claims (Initial) |
6/18
|
NA
|
277K
|
Moderate
|
|
| Thu. June 23 |
10:00
|
New Home Sales |
May
|
NA
|
619K
|
Moderate
|
|
| Fri. June 24 |
08:30
|
Durable Goods Orders |
May
|
NA
|
3.4%
|
Moderate
|
|
| Fri. June 24 |
10:00
|
Consumer Sentiment Index (UoM) |
Jun
|
NA
|
94.3
|
Moderate
|
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Mortgage Info By Michelle Wickett 