Forecast for the Week 
- Inflation data from Tuesday’s Producer Price Index and Wednesday’s Consumer Price Index will be dissected by Fed members at this week’s FOMC meeting.
- Retail Sales will be released on Wednesday along with the Fed’s monetary policy statement.
- Regional manufacturing numbers will be delivered in Wednesday’s Empire State Index and Thursday’s Philadelphia Fed Index.
- On Thursday, Housing Starts and Building Permits will be released along with the usual weekly Initial Jobless Claims.
- The Consumer Sentiment Index will be reported 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.
As you can see in the chart below, Mortgage Bonds struggled to gain traction recently. Home loan rates remain attractive despite Bond market losses.
Chart: Fannie Mae 3.5% Mortgage Bond (Friday, March 10, 2017)
The Mortgage Market Guide View…
4 Small Business Blogs Worth Following
There’s no shortage of bloggers offering information and opinions on the Internet. When it comes down to pure inspiration, motivation and actionable advice for business, these blogs demonstrate the right stuff.
{grow}, by best-selling author Mark Schaefer, focuses on all things marketing. The blog covers a range of how-to topics from content marketing to influence marketing, marketing strategy and actual case studies.
Harvard Business Review direct from Harvard Business School is a massive site offering clearly categorized content on leadership, entrepreneurship, work-life balance and more. Another unique feature (for a fee) is the library of guide books, which offers a deeper dive to help you solve a wide range of career development issues.
FedEx Small Business Center is the blog dedicated to helping small businesses succeed, and it’s not all about shipping. You’ll find a wide-ranging collection of actionable business-building tips from improving cold calling skills to Chamber of Commerce networking ideas.
Mari Smith is often referred to as “the Queen of Facebook” and is a Forbes Top Social Media Power Influencer. Mari’s blog can help you take your Facebook game to the next level with hundreds of ideas and tools to increase your reach and engagement.
If the list above doesn’t satisfy your bug for a blog, check out even more blogs that can help you grow your business.
Feel free to forward this email, along with these helpful tips, to your team, clients or colleagues.
Sources: Huffington Post, Inc.
Economic Calendar for the Week of March 13 – March 17
|
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Tue. March 14 |
08:30
|
Producer Price Index (PPI) |
Feb
|
NA
|
0.6%
|
Moderate
|
|
| Tue. March 14 |
08:30
|
Core Producer Price Index (PPI) |
Feb
|
NA
|
0.4%
|
Moderate
|
|
| Wed. March 15 |
08:30
|
Empire State Index |
Mar
|
NA
|
18.7
|
Moderate
|
|
| Wed. March 15 |
08:30
|
Retail Sales ex-auto |
Feb
|
NA
|
0.4%
|
HIGH
|
|
| Wed. March 15 |
08:30
|
Retail Sales |
Feb
|
NA
|
0.4%
|
HIGH
|
|
| Wed. March 15 |
08:30
|
Consumer Price Index (CPI) |
Feb
|
NA
|
0.6%
|
HIGH
|
|
| Wed. March 15 |
08:30
|
Core Consumer Price Index (CPI) |
Feb
|
NA
|
0.3%
|
HIGH
|
|
| Wed. March 15 |
02:00
|
FOMC Meeting |
Mar
|
NA
|
0.625%
|
HIGH
|
|
| Thu. March 16 |
08:30
|
Housing Starts |
Feb
|
NA
|
1246K
|
Moderate
|
|
| Thu. March 16 |
08:30
|
Building Permits |
Feb
|
NA
|
1285K
|
Moderate
|
|
| Thu. March 16 |
08:30
|
Jobless Claims (Initial) |
3/11
|
NA
|
NA
|
Moderate
|
|
| Thu. March 16 |
08:30
|
Philadelphia Fed Index |
Mar
|
NA
|
43.3
|
HIGH
|
|
| Fri. March 17 |
10:00
|
Consumer Sentiment Index (UoM) |
Mar
|
NA
|
96.3
|
Moderate
|
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Mortgage Info By Michelle Wickett 