MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Housing data will be plentiful this week.
  • The week begins with the National Association of Home Builders Housing Market Index on Monday.
  • Look for Housing Starts and Building Permits on Tuesday.
  • Existing Home Sales will be released Thursday.
  • Weekly Initial Jobless Claims will also be released 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. In contrast, 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 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, recent economic news has kept Mortgage Bonds holding steady near 2015 highs. This bodes well for homebuyers.

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

Japanese Candlestick Chart

The Mortgage Market Guide View…

8 Tips for Better Communication

Effective communication is about more than just words. How you sit, stand, sound and move have a concrete effect on your listeners. Here are eight easy-to-learn habits you can use to improve your communication, both personally and professionally:

  1. Stand (or sit) straight, but relaxed. Slouching communicates you lack confidence, and rigidity communicates fear or anger. A straight, relaxed posture helps words flow smoothly.
  2. Keep your chin up. “Hold your head high” is more than an expression, it’s excellent body language. A downward chin creates neck tension and can restrict airflow, making breathing and speaking more difficult.
  3. Focus on your listeners. Communication without attention is mere grandstanding. Make friendly eye contact and avoid shifting your eyes sideways, which can appear dishonest.
  4. Speak with enough volume. Talk loud enough, so people farthest from you can hear—without causing discomfort to those nearby. For bigger spaces, request a microphone or ask people to move closer.
  5. Use your hands. Observe how celebrities or popular public speakers use their hands to communicate. Be careful not to fiddle, wring out or tightly clench your hands. You will distract from, rather than reinforce, your words.
  6. Change your position. Subtle changes in body position can add power. Signal a change in topic or idea by moving from one spot to another if you are standing. If seated, lean forward (or back) for emphasis.
  7. Change your pace. A pace that doesn’t change can seem monotonous and put people to sleep. For summarizing or reviewing, speak faster. Slow down to describe details, introduce new concepts or tell a story.
  8. Pause for effect. Slight pauses before (and after) you say something important helps create suspense and also gives listeners time to reflect.

Source: Inc.

Economic Calendar for the Week of October 19 – October 23

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. October 19
10:00
Housing Market Index
Oct
NA
62
Moderate
Tue. October 20
08:30
Building Permits
Sep
NA
1170K
Moderate
Tue. October 20
08:30
Housing Starts
Sep
NA
1126K
Moderate
Thu. October 22
08:30
Jobless Claims (Initial)
10/17
NA
255K
Moderate
Thu. October 22
10:00
Existing Home Sales
Sep
NA
5.31M
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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