MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

It’s a quiet week for economic news. With little being reported, oil prices may continue to impact markets.
  • Economic data doesn’t kick off until Thursday with weekly Initial Jobless Claims.
  • On Friday, Retail Sales and the Consumer Sentiment Index will be released.

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. 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 have stalled at the highs seen last April.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday February 5, 2016)

Japanese Candlestick Chart

The Mortgage Market Guide View…

5 Apps for Remote Work

Whether you’re out on the road, working in a home office, or collaborating remotely with business partners or vendors, you’re going to need apps. The web-based solutions listed below will help make collaborating and communicating easy, efficient and enjoyable. Here are five top picks:

Slack helps you exchange cumbersome email threads for real time, team-based communications. Slack saves every remark in a conversation thread (including attachments like documents or other media) for later reference.

Trello is a project management solution based on a system of cards and project boards, similar to a real-life corkboard with index cards. Each card allows you to attach links or documents and contains individual message threads to keep things tidy.

Meldium manages passwords for teams, giving system or document access to team members without direct sharing of any passwords, closing a huge security gap when dealing with sensitive information.

Docady converts any camera-equipped device into a document scanner, then organizes those scans into a searchable database that’s encrypted to military-grade standards, keeping all your important files in a secure digital space.

Box is a file sharing and collaboration tool that supports many file types, including Office Online for editing Word, Excel and PowerPoint files simultaneously with remote team members.

Don’t see what you need here? Check out 27 more apps that can help you be more effective when working remote.

Please feel free to pass these helpful tips along to your team, clients and colleagues.

Source: Inc.

Economic Calendar for the Week of February 8 – February 12

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Thu. February 11
08:30
Jobless Claims (Initial)
2/06
NA
NA
Moderate
Fri. February 12
08:30
Retail Sales
Jan
NA
-0.1%
HIGH
Fri. February 12
08:30
Retail Sales ex-auto
Jan
NA
-0.1%
HIGH
Fri. February 12
10:00
Consumer Sentiment Index (UoM)
Feb
NA
93.3
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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