MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

The markets are closed Monday in observance of Martin Luther King Jr. Day. Then, housing reports are front and center the rest of the week.

  • On Tuesday, the National Association of Home Builders Housing Market Index for January will be released.
  • More housing numbers from December follow. Look for Housing Starts and Building Permits on Wednesday, and Existing Home Sales on Friday.
  • Weekly Initial Jobless Claims will be delivered on Thursday, as usual.

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 on which home loan rates are based.

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 remain near multi-year highs, helping home loan rates hover near record lows.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday January 16, 2015)

Japanese Candlestick Chart
The Mortgage Market Guide View…

5 Podcasts to Help You Succeed in 2015

Podcasts have exploded in popularity, with Apple iTunes subscriptions surpassing the one billion mark and the best-known podcasts like Nerdist or NPR’s This American Life garnering millions of downloads each week. Here are five podcasts that can help you grow both personally and professionally:

This Is Your Life. This weekly podcast featuring author and blogger Michael Hyatt, the former Chairman and CEO of Thomas Nelson Publishers, is consistently ranked in the top ten in iTunes’ Business category. The goal is to help listeners lead with intention, live passionately, and develop greater focus in life and business.

Social Media Marketing. Social Media Examiner’s Michael Stelzner interviews leading social media marketing pros. You’ll learn how to better leverage social media, hear about new strategies and tactics, and quickly improve your social media marketing skills.

48 Days to the Work You Love. Author and motivational speaker Dan Miller is the nation’s leading authority on work, career and business acceleration. Learn more about finding yourself in your career and who you are called to be in relation to your vocation. This show is often number one under Career podcasts.

Beyond the To-Do List. Hosts discuss the real goal of productivity: planning for and living a meaningful life. Learn from the success and failure of other masters of the art of productivity, and get inspired to move ahead.

Dose of Leadership. Coach, speaker and podcaster Richard Rierson brings in authors, educators, entrepreneurs, CEOs, and other leaders from all walks of life to discuss their trials and breakthroughs. You’ll discover down-to-earth tips for becoming a better leader and promoting positive change in your world.

Please feel free to pass these great success podcasts along to your team, clients and colleagues!

Source: iTunes

Economic Calendar for the Week of January 19 – January 23

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. January 20
10:00
Housing Market Index
Jan
NA
57
Moderate
Wed. January 21
08:30
Housing Starts
Dec
NA
1028K
Moderate
Wed. January 21
08:30
Building Permits
Dec
NA
1035K
Moderate
Thu. January 22
08:30
Jobless Claims (Initial)
1/17
NA
316K
Moderate
Fri. January 23
10:00
Existing Home Sales
Dec
NA
4.93K
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.

Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose. 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.

Equal Housing Lender

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