Forecast for the Week 
- Monday kicks off with Personal Income, Personal Spending and the Fed’s favorite inflation gauge Personal Consumption Expenditures.
- Housing information will come from Pending Home Sales on Monday and the S&P/Case-Shiller Home Price Index on Tuesday.
- From the manufacturing sector, Chicago PMI will be delivered on Tuesday followed by the ISM Index on Wednesday.
- Labor market news will be plentiful with the ADP National Employment Report on Wednesday, worker Productivity and weekly Initial Jobless Claims on Thursday. The January Jobs Report will be released on Friday, which includes Non-farm Payrolls, Hourly Earnings and the Unemployment Rate.
- Also this week, Consumer Confidence will be released on Tuesday, the FOMC Monetary Policy Statement on Wednesday and ISM Services Index on Friday.
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.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday January 27, 2017)
The Mortgage Market Guide View…
How to Fix Errors on Your Credit-Card Bill
Start with the merchant in question, but don’t be afraid to escalate a dispute to your credit card issuer.
By Lisa Gerstner, Kiplinger.com
As card statements roll in this post-holiday season, keep your eyes peeled for errors, such as a duplicate charge or one for an item you never received. If you suspect that a thief has used your card, call the issuer right away. Otherwise, many card issuers let you initiate a dispute through their websites. And Citibank customers may now dispute a charge through the bank’s mobile app.
The most efficient way to resolve a billing error may be to ask the merchant to make amends. If you still need to contact the card issuer, be sure to put the dispute in writing within 60 days of the time the bill containing the error was sent to you. Doing so triggers your protections under the Fair Credit Billing Act — although major card networks often honor disputes for at least twice that long, says Sean McQuay of NerdWallet.
While your case is under investigation, you won’t have to pay the charge or any interest that accumulates on it, and the issuer can’t report you as delinquent to the credit bureaus. If you want to be sure of a paper trail to back up your dispute, send a letter by certified mail and request a return receipt, says Chi Chi Wu, staff lawyer for the National Consumer Law Center. The creditor has to settle your case within two billing cycles (and no longer than 90 days) of receiving the notice.
If the card company decides in your favor, you’re home free. But if the issuer finds no mistake — say, the charge is a legitimate one whose label you didn’t recognize — you’ll have to pay up. Still feel as if you’ve been wronged? File a complaint with the Consumer Financial Protection Bureau, at www.consumerfinance.gov/complaint. It will forward your complaint to the issuer, which must respond within 15 days.
Reprinted with permission. All Contents © 2017 The Kiplinger Washington Editors. Kiplinger.com.
Economic Calendar for the Week of January 30 – February 03
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Mon. January 30 |
08:30
|
Personal Income |
Dec
|
NA
|
0.0%
|
Moderate
|
|
| Mon. January 30 |
08:30
|
Personal Spending |
Dec
|
NA
|
0.2%
|
Moderate
|
|
| Mon. January 30 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Dec
|
NA
|
0.0%
|
HIGH
|
|
| Mon. January 30 |
08:30
|
Personal Consumption Expenditures and Core PCE |
YOY
|
NA
|
1.6%
|
HIGH
|
|
| Mon. January 30 |
10:00
|
Pending Home Sales |
Dec
|
NA
|
-2.5%
|
Moderate
|
|
| Tue. January 31 |
08:30
|
Employment Cost Index (ECI) |
Q4
|
NA
|
0.6%
|
HIGH
|
|
| Tue. January 31 |
09:00
|
S&P/Case-Shiller Home Price Index |
Nov
|
NA
|
5.1%
|
Moderate
|
|
| Tue. January 31 |
09:45
|
Chicago PMI |
Jan
|
NA
|
54.6
|
Moderate
|
|
| Tue. January 31 |
10:00
|
Consumer Confidence |
Jan
|
NA
|
113.7
|
Moderate
|
|
| Wed. February 01 |
08:15
|
ADP National Employment Report |
Jan
|
NA
|
153K
|
HIGH
|
|
| Wed. February 01 |
10:00
|
ISM Index |
Jan
|
NA
|
54.7
|
HIGH
|
|
| Wed. February 01 |
02:00
|
FOMC Meeting |
Feb
|
NA
|
0.625%
|
HIGH
|
|
| Thu. February 02 |
08:30
|
Jobless Claims (Initial) |
1/28
|
NA
|
NA
|
Moderate
|
|
| Thu. February 02 |
08:30
|
Productivity |
Q4
|
NA
|
3.1%
|
Moderate
|
|
| Fri. February 03 |
08:30
|
Non-farm Payrolls |
Jan
|
NA
|
156K
|
HIGH
|
|
| Fri. February 03 |
08:30
|
Hourly Earnings |
Jan
|
NA
|
0.4%
|
HIGH
|
|
| Fri. February 03 |
08:30
|
Unemployment Rate |
Jan
|
NA
|
4.7%
|
HIGH
|
|
| Fri. February 03 |
08:30
|
Average Work Week |
Jan
|
NA
|
34.3
|
HIGH
|
|
| Fri. February 03 |
10:00
|
ISM Services Index |
Jan
|
NA
|
57.2
|
Moderate
|
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Mortgage Info By Michelle Wickett 