Forecast for the Week 
- National manufacturing data via the ISM Index will be released on Monday followed by the ISM Services Index on Wednesday.
- Personal Income, Personal Spending and the inflation reading Personal Consumption Expenditures are due to be delivered on Tuesday.
- Key employment reports begin on Wednesday with the ADP National Employment Report.
- As usual, weekly Initial Jobless Claims will be released on Thursday.
- Look for the July Jobs Report on Friday, which includes Non-farm Payrolls, Hourly Earnings 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.
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 experienced an uptick recently following lackluster earnings reports and lower-than-expected GDP, keeping home loan rates in historic territory.
The Mortgage Market Guide View…
6 Simple Ways to Cut Office Expenses
While recurring office expenses may seem a standard part of doing business, here are six easy ideas for trimming those costs:
Turn off power strips and unplug items not in use. Computers and electronics consume power even when they aren’t in use (even those cell phone charger cords). Make power strips accessible, so they can easily be turned off overnight and only plug in other devices as needed.
Swap your lights for inexpensive LED bulbs. Even fluorescent tubes can now be affordably replaced (just make sure to recycle the tubes correctly).
Ditch your printer. An inexpensive scanner can digitize paper, receipts and all other documents. You can even create PDFs that can be digitally and legally signed. This action can save energy, paper, ink and storage expenses.
Outsource errands to couriers. Spend your limited time on income-generating activities, not trips to the post office, supply store, bank or dry cleaner. Hire a courier to do it for a fraction of the cost of your valuable time.
Trade your landline phone for Internet calling. Programs like Skype allow you to make and take phone calls through the Internet but also provide you with a real phone number and voicemail tools. Or, if you’re out of the office frequently, cancel your landline and use your cell phone as your main business number.
Review your insurance. You may be paying for riders, endorsements or other add-ons that are obsolete. Discuss potential cost savings with your agent.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Sources: OPEN Forum, When I Work
Economic Calendar for the Week of August 1 – August 5
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. August 01 |
10:00
|
ISM Index |
Jul
|
NA
|
53.2
|
HIGH
|
|
| Tue. August 02 |
08:30
|
Personal Income |
Jun
|
NA
|
0.2%
|
Moderate
|
|
| Tue. August 02 |
08:30
|
Personal Spending |
Jun
|
NA
|
0.4%
|
Moderate
|
|
| Tue. August 02 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Jun
|
NA
|
0.2%
|
HIGH
|
|
| Tue. August 02 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Jun
|
NA
|
1.6%
|
HIGH
|
|
| Wed. August 03 |
08:15
|
ADP National Employment Report |
Jul
|
NA
|
172K
|
HIGH
|
|
| Wed. August 03 |
10:00
|
ISM Services Index |
Jul
|
NA
|
56.5
|
Moderate
|
|
| Thu. August 04 |
08:30
|
Jobless Claims (Initial) |
7/30
|
NA
|
NA
|
Moderate
|
|
| Fri. August 05 |
08:30
|
Non-farm Payrolls |
Jul
|
NA
|
287K
|
HIGH
|
|
| Fri. August 05 |
08:30
|
Unemployment Rate |
Jul
|
NA
|
4.9%
|
HIGH
|
|
| Fri. August 05 |
08:30
|
Hourly Earnings |
Jul
|
NA
|
0.1%
|
HIGH
|
|
| Fri. August 05 |
08:30
|
Average Work Week |
Jul
|
NA
|
34.4
|
HIGH
|
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Mortgage Info By Michelle Wickett 