MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Federal Open Market Committee members will be keeping tabs on this week’s spate of economic news as they gear up for their next gathering at the end of the month.
  • The deluge of data begins on Wednesday with the Fed’s Beige Book, Retail Sales and Producer Price Index, which measures wholesale inflation.
  • The Consumer Price Index and weekly Initial Jobless Claims will be delivered on Thursday.
  • The week culminates with regional manufacturing data from the Empire State Index.

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, Bond prices rose to near the 52-week high recently, helping home loan rates remain near historic lows.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday April 08, 2016)

Japanese Candlestick Chart

The Mortgage Market Guide View…

Networking Apps You May Not Have Tried Yet (But Should)

Many businesspeople today are already using LinkedIn. But there are many other innovative networking apps you can use to expand and deepen all the relationships in your sphere or to add a few new ones. Here are a few to try:

Grow your network.
Foster stress-free business encounters with Shapr, which curates a list of new potential contacts for you each day. Once you choose a contact based upon relevant interests, location and experience, and the other party approves, you’re able to connect.

Make the most of events.
Lanyrd uses data from social profiles and LinkedIn to help you discover worldwide conferences and events; browse events by location, date and industry; and even see what events your LinkedIn connections are going to attend.

Maximize event experiences (as an attendee or the host) by connecting with attendees via Bizzabo. This app features private one-on-one messaging, attendee profiles, social media integration, polls, surveys and more for on-site event engagement.

Get face to face.
Weave is a membership-based online community. At the beginning of the week, Weave will email you to see if you’re available for a meeting that week and, if so, introduce you to another professional based on your expertise and interests. The expectation of community membership is that you are available to meet your new connection on a Friday or Saturday for networking.

To fill up a free lunch hour, LetsLunch is another app that helps fill downtime with productive introductions. The app syncs with your calendar, letting you designate days and times you’re available for lunch. Then, when you accept an invitation, simply drag profiles down to the day and time you both have available in your calendar, and the connection is made.

If you’re looking to expand your professional network but don’t necessarily have the time to join an organization, give one of these apps a try.

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

Sources: CNBC, OPEN Forum

Economic Calendar for the Week of April 11 – April 15

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Wed. April 13
08:30
Producer Price Index (PPI)
Mar
NA
-0.2%
Moderate
Wed. April 13
08:30
Core Producer Price Index (PPI)
Mar
NA
0.0%
Moderate
Wed. April 13
08:30
Retail Sales
Mar
NA
-0.1%
HIGH
Wed. April 13
08:30
Retail Sales ex-auto
Mar
NA
-0.1%
HIGH
Wed. April 13
02:00
Beige Book
Apr
NA
NA
Moderate
Thu. April 14
08:30
Core Consumer Price Index (CPI)
Mar
NA
0.3%
HIGH
Thu. April 14
08:30
Consumer Price Index (CPI)
Mar
NA
-0.2%
HIGH
Thu. April 14
08:30
Jobless Claims (Initial)
4/09
NA
267K
Moderate
Fri. April 15
08:30
Empire State Index
Apr
NA
0.6
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_Opportunity

Tell me what you think

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s