MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

The end of the week features several key reports that have the potential to move the markets.

  • Economic data begins on Tuesday with the ISM Services Index, which measures the service sector of the U.S. economy.
  • As usual, Weekly Initial Jobless Claims will be released on Thursday and have been stubbornly hanging around the 340,000 range.
  • Also on Thursday, we’ll see the second read on 3rd Quarter Gross Domestic Product.
  • Friday brings a full slate of reports, beginning with the much-anticipated Jobs Report for October, which includes the closely watched Non-Farm Payrolls and the Unemployment Rate.
  • Also releasing on Friday are the Consumer Sentiment Index, Personal Income, Personal Spending and the Fed’s favorite measure of inflation, Personal Consumption Expenditures.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they 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 were 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 continue to trade near multi-month highs. This has helped home loan rates, which are tied to Mortgage Bonds, reach lows not seen since June. The Jobs Report for October could have a big impact on the markets and I’ll be watching all the news closely to see what happens.

Chart: Fannie Mae 4.0% Mortgage Bond (Friday November 1, 2013)

Japanese Candlestick Chart

The Mortgage Market Guide View…

Relationship Roundup 5 Ways to Use LinkedIn Polls for Bigger Business

According to LinkedIn, the polling feature within Groups allows you to ask other members a question and then list up to five multiple-choice answers on which they can vote. If you’ve never heard of this incredibly useful LinkedIn feature–or ever wondered how you might use it to generate more engagement and thereby, more business–you can start today!
Here are five types of LinkedIn polls and how to use them:

Use results for marketing content. Articles, blogs, even other social media platforms have one thing in common–need of new material. And people like research! Share poll results, along with your takeaways, with your clients and followers.

Tweet for new followers. If you manage a Group and want it to grow fast, then Tweet, Facebook, Tumblr, and Pinterest the daylights out of your poll findings–along with an invitation to subscribe to your Group for even more great information!

Do research. Perform more targeted research with polls. Rather than get second hand generalized facts from the internet, you can get answers from Groups, in real time, leveraging its power.

Make an offer they can’t refuse. If you’re stuck for a marketing offer and want to know exactly what customers will really go for, ask an appropriate LinkedIn Group first. (And just maybe, someone already has the key you’ve been searching for!)

Get feedback. Want to roll out something new? Want to find out what people think about your big ideas? Poll your Group and get the scoop.

Here’s how to create your own poll in four easy steps:

  1. From the group’s Discussions tab click the Poll icon (it looks like 3 horizontal lines) to the right of the Start a discussion… box.
  2. Type your question in the Ask a question box.
  3. Specify up to five answer choices, starting with the first answer in the first box. Additional boxes will appear after you enter your first choice.
  4. Click Share.

Share this great feature with your team, clients, and colleagues.

Economic Calendar for the Week of November 04 – November 08

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. November 05
10:00
ISM Services Index
Oct
NA
54.4
Moderate
Thu. November 07
08:30
Jobless Claims (Initial)
11/02
NA
NA
Moderate
Thu. November 07
08:30
Gross Domestic Product (GDP)
Q3
NA
2.5%
HIGH
Thu. November 07
08:30
GDP Chain Deflator
Q3
NA
0.6%
HIGH
Fri. November 08
08:30
Personal Consumption Expenditures and Core PCE
YOY
NA
1.2%
HIGH
Fri. November 08
08:30
Personal Consumption Expenditures and Core PCE
Sept
NA
0.2%
HIGH
Fri. November 08
08:30
Personal Spending
Sept
NA
0.3%
Low
Fri. November 08
08:30
Personal Income
Sept
NA
0.4%
Low
Fri. November 08
08:30
Hourly Earnings
Oct
NA
0.1%
HIGH
Fri. November 08
08:30
Average Work Week
Oct
NA
34.5
HIGH
Fri. November 08
08:30
Unemployment Rate
Oct
NA
7.2%
HIGH
Fri. November 08
08:30
Non-farm Payrolls
Oct
NA
148K
HIGH
Fri. November 08
08:30
Consumer Sentiment Index (UoM)
Nov
NA
73.2
Moderate

The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.

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