MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

The second half of the week is busy, featuring several key reports.

  • Economic data begins on Wednesday with Retail Sales for April, which will gauge consumer spending.
  • Thursday brings the Producer Price Index, which measures inflation at the wholesale level.
  • Weekly Initial Jobless Claims will also be released on Thursday.
  • The week comes to an end with the Consumer Sentiment Index and Empire State Index on Friday.

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 have rallied in recent days after a downward trend. Home loan rates remain attractive.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday May 8, 2015)

Japanese Candlestick Chart
The Mortgage Market Guide View…

5 Easy Ways to Manage Busy Times

When life and work are busy, there never seems to be enough time in the day. You can navigate hectic times with ease when you use these five tips:

Establish a firm deadline for decision making. Then, mark your calendar to take action. For example, schedule one hour to look online and check reviews for the best smartphone, then schedule the purchase for 2:00 p.m. that Thursday.

Remember your personal systems. Eating the same breakfast, exercising on a schedule and only taking appointments during set time-windows are simple ways you can streamline things.

Leverage technology. Automate as much of your workload as you can. For instance, you can free up your time by using Customer Relationship Management (CRM) software, setting up automatic bill pay, and subscribing to a newsletter service instead of writing your own.

Use smartphone smarts. Stop juggling to-do lists in your mind (or texting yourself), and get an organizer app like Any.do or Awesome Note.

Know your quadrants. Stephen Covey built a billion dollar empire with a single time-management exercise. By determining which items are (1) immediate and important deadlines, (2) long-term goals, (3) distracting or lower priority activities, or (4) activities yielding little value, you can clarify your workdays.

As always, feel free to pass these helpful tips along to your team, clients and colleagues!

Economic Calendar for the Week of May 11 – May 15

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Wed. May 13
08:30
Retail Sales
Apr
0.0%
0.9%
HIGH
Wed. May 13
08:30
Retail Sales ex-auto
Apr
0.5%
0.4%
HIGH
Thu. May 14
08:30
Jobless Claims (Initial)
5/09
NA
265K
Moderate
Thu. May 14
08:30
Producer Price Index (PPI)
Apr
-0.1%
0.2%
Moderate
Thu. May 14
08:30
Core Producer Price Index (PPI)
Apr
NA
0.2%
Moderate
Fri. May 15
08:30
Empire State Index
May
5.0
-1.2
Moderate
Fri. May 15
10:00
Consumer Sentiment Index (UoM)
May
NA
95.9
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.

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