Forecast for the Week 
- Manufacturing data from the Empire State Index and the Philadelphia Fed Index will be reported on Monday and Thursday, respectively.
- In the housing sector, look for the NAHB Housing Market Index on Tuesday, Housing Starts and Building Permits on Wednesday, and Existing Home Sales on Thursday.
- The Consumer Price Index will be reported on Tuesday.
- The Fed’s Beige Book will be released on Wednesday.
- As usual, weekly Initial Jobless Claims will be reported on Thursday, as initial claims have been at 43-year lows.
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, although Mortgage Bonds declined in recent weeks they managed to stabilize, keeping home loan rates in historically low territory.
The Mortgage Market Guide View…
Expert Status in Record Time
New business is inevitable for industry experts. Here are four ways to earn expert status in your field and win more business.
Be a guest blogger. Online publications are always hungry for content. Find publications in your niche and start offering your services as a guest blogger. When you give away your best secrets for free, people will wonder what other magic you’ve got up your sleeve.
Publish an e-book. While you could write a full-length book, it’s not absolutely necessary to go through the hassle of publishing. E-books are popular and easy to produce with free online templates for Microsoft Word. Whether the length is a few pages or long-form content, both give you traction if the content is helpful and meaningful to your audience. You can promote it on your social media channels, website and in your email signature.
Make an appearance. Local television, radio and newspapers are also hungry for content. Offer your expertise based on trends in your specific market. If they like you, you could become a regular. Make sure to get snippets of the audio and video that features you, so you can re-promote on your social media pages and website.
Speak up. Speaking opportunities are everywhere, from community education courses to civic and professional organizations to local events. Focus on those teaching opportunities, organizations or events where you’re likely to find either your ideal clients or people who can connect you to your ideal clients.
Remember, whenever you produce original content, you should link to it everywhere you have a presence: your website, social media pages, email signature, and referral partner email lists. Make your content known. When you do, you’ll have expert status fast!
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Source: American Express OPEN Forum
Economic Calendar for the Week of October 17 – October 21
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. October 17 |
08:30
|
Empire State Index |
Oct
|
NA
|
-2.0
|
Moderate
|
|
| Tue. October 18 |
08:30
|
Consumer Price Index (CPI) |
Sep
|
NA
|
0.2%
|
HIGH
|
|
| Tue. October 18 |
08:30
|
Core Consumer Price Index (CPI) |
Sep
|
NA
|
0.3%
|
HIGH
|
|
| Tue. October 18 |
10:00
|
Housing Market Index |
Oct
|
NA
|
65
|
Moderate
|
|
| Wed. October 19 |
08:30
|
Building Permits |
Sep
|
NA
|
1139K
|
Moderate
|
|
| Wed. October 19 |
08:30
|
Housing Starts |
Sep
|
NA
|
1142K
|
Moderate
|
|
| Wed. October 19 |
02:00
|
Beige Book |
Oct
|
NA
|
NA
|
Moderate
|
|
| Thu. October 20 |
08:30
|
Jobless Claims (Initial) |
10/15
|
NA
|
246K
|
Moderate
|
|
| Thu. October 20 |
08:30
|
Philadelphia Fed Index |
Oct
|
NA
|
12.8
|
HIGH
|
|
| Thu. October 20 |
10:00
|
Existing Home Sales |
Sep
|
NA
|
5.33M
|
Moderate
|
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Mortgage Info By Michelle Wickett 