Forecast for the Week 
- The week begins with New Home Sales being released on Tuesday followed by Existing Home Sales on Wednesday.
- Weekly Initial Jobless Claims and Durable Goods Orders will be delivered on Thursday.
- On Friday, the Consumer Sentiment Index and the second reading on second quarter Gross Domestic Product will be released.
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, Mortgage Bonds have traded in a tight pattern recently. Home loan rates remain in historically low territory.
The Mortgage Market Guide View…
Tools to Make Business Writing a Snap
“He was such a bad writer, they revoked his poetic license.” — Milton Berle
Even professional writers sometimes find writing difficult. And when there’s a deadline to meet, the right words can be hard to come by. So if you’re looking to write better business and sales letters, or occasional social media and blog posts, thankfully there are plenty of apps and add-ons that can help.
Here are four tools to help make your writing more professional and polished:
After the Deadline is a free, open-source grammar, style and spelling checker for social media, blog or other browser-based posting. Either paste your text into the online checker or download the plug-ins for your browser of choice, including Chrome, Firefox, OpenOffice, WordPress and others.
Proofread Bot can help improve your writing on the spot as well as make you less reliant on the program over time. The automatic proofreader highlights the errors it finds and teaches you with brief explanations. Available for Office Online, Google Docs, several browsers and blogger platforms for as little as .007 cents per word (or $35 for review of 500,000 words).
WordRake will help you convey what you mean clearly and concisely, eliminating jargon and wordiness from your style. This Word and Outlook add-on puts Microsoft’s native grammar and style checker to shame. But at $129 to $199 annually … it’s pricey. The tool is probably most suitable for those wishing to add blogging, articles, press releases or other long-form writing to their marketing mix.
Letter templates can eliminate those blank page blues if you’re called upon to write a reference, recommendation or request. Microsoft Office Online users can get free business letter templates (not to mention other PowerPoint and Excel goodies too!). Small-business site 4hb has over 680 sample letters for almost any need. Just copy and paste the content and modify to suit.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Source: Business 2 Community
Economic Calendar for the Week of August 22 – August 26
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Tue. August 23 |
10:00
|
New Home Sales |
Jul
|
NA
|
592K
|
Moderate
|
|
| Wed. August 24 |
10:00
|
Existing Home Sales |
Jul
|
NA
|
5.57M
|
Moderate
|
|
| Thu. August 25 |
08:00
|
Durable Goods Orders |
Jul
|
NA
|
-4.0%
|
Moderate
|
|
| Thu. August 25 |
08:30
|
Jobless Claims (Initial) |
8/20
|
NA
|
262K
|
Moderate
|
|
| Fri. August 26 |
08:30
|
Gross Domestic Product (GDP) |
Q2
|
NA
|
1.2%
|
HIGH
|
|
| Fri. August 26 |
08:30
|
GDP Chain Deflator |
Q2
|
NA
|
2.2%
|
HIGH
|
|
| Fri. August 26 |
10:00
|
Consumer Sentiment Index (UoM) |
Aug
|
NA
|
90.4
|
Moderate
|
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Mortgage Info By Michelle Wickett 