Forecast for the Week 
- Thursday is chock full of reports including weekly Initial Jobless Claims, Retail Sales and the Producer Price Index, which measures wholesale inflation.
- Also on Thursday, look for regional manufacturing data from the Philadelphia Fed Index and Empire State Index.
- Friday brings the Consumer Price Index and Consumer Sentiment Index.
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 are still hovering near multi-year highs. Home loan rates remain in historically low territory.
The Mortgage Market Guide View…
Don’t Become a Data Hostage
Keeping data secure is growing in importance for small business owners. Each day over 4,000 businesses have their data hijacked and held hostage. Hackers can literally hold data for ransom until you pay, sometimes thousands of dollars. Know the basics to prevent you and your company from falling victim:
1. Follow the A-B-Ds. Always back up data. Small businesses should have a systematic process in place to regularly back up data via encrypted, cloud-based data storage and recovery solutions. The ability to access back-up data will provide incredible peace of mind knowing you will never have to pay a ransom to restore data.
2. Don’t fall for a fake. Understand how to spot a fake email, even if it looks like it comes from someone you know. Warning signs include mismatched URLs, spelling and grammar errors or requests for personal information.
3. Break the connection. If you suspect your computer is experiencing any level of breach, make sure you know how to disconnect your computer from the network, either virtually or the physical Ethernet cable. Viruses spread easily and quickly through networks, so disconnecting can prevent further damage.
For most businesses, data is one key asset worth taking a few extra steps to protect. Understanding how to protect your data will help you avoid security threats and modern cyber crime.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Sources: Smart Hustle, TechRepublic
Economic Calendar for the Week of September 12 – September 16
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Thu. September 15 |
08:30
|
Jobless Claims (Initial) |
9/10
|
NA
|
259K
|
Moderate
|
|
| Thu. September 15 |
08:30
|
Empire State Index |
Sep
|
NA
|
-4.2
|
Moderate
|
|
| Thu. September 15 |
08:30
|
Philadelphia Fed Index |
Sep
|
NA
|
2.0
|
HIGH
|
|
| Thu. September 15 |
08:30
|
Core Producer Price Index (PPI) |
Aug
|
NA
|
-0.3%
|
Moderate
|
|
| Thu. September 15 |
08:30
|
Producer Price Index (PPI) |
Aug
|
NA
|
-0.4%
|
Moderate
|
|
| Thu. September 15 |
08:30
|
Retail Sales ex-auto |
Aug
|
NA
|
-0.3%
|
HIGH
|
|
| Thu. September 15 |
08:30
|
Retail Sales |
Aug
|
NA
|
0.0%
|
HIGH
|
|
| Fri. September 16 |
08:30
|
Consumer Price Index (CPI) |
Aug
|
NA
|
0.0%
|
HIGH
|
|
| Fri. September 16 |
08:30
|
Core Consumer Price Index (CPI) |
Aug
|
NA
|
0.1%
|
HIGH
|
|
| Fri. September 16 |
10:00
|
Consumer Sentiment Index (UoM) |
Sep
|
NA
|
89.8
|
Moderate
|
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Mortgage Info By Michelle Wickett 