MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Housing headlines will be a highlight of the week.
  • Regional manufacturing data from the Empire State Index will be released Monday followed by the Philadelphia Fed Index Thursday.
  • The housing sector will be highlighted in the Housing Market Index Monday as well as Building Permits and Housing Starts Tuesday.
  • Inflation in the form of the Consumer Price Index will be reported on Tuesday.
  • The Federal Open Market Committee minutes from July will be released Wednesday.
  • As usual, weekly Initial Jobless Claims will be reported Thursday.
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 held relatively steady but received a slight bump following the weak Retail Sales report. Home loan rates remain in historically low territory.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday August 12, 2016)

Japanese Candlestick Chart

The Mortgage Market Guide View…

4 Ways to Save Time on Social Media

Social media provides a great way for small businesses to hold an ongoing conversation with their customers without a lot of expense. But, if you’re not careful, it can also consume lots of time and feel overwhelming. Here are a few ideas that can help you save time on your social media strategy:

Get organized. Before you post anything, set yourself up for success by making sure you have a plan to post consistently. This handy content calendar template by HubSpot and Buffer is free in exchange for your name and email. Use it to plan out when you will post industry news, how-to tips, testimonials and time-sensitive items around holidays or key deadlines (like tax time).

Get automated. Setting aside a block of time to gather all your posts, then scheduling them to post automatically throughout the week is simple with time-saving platform management apps like Buffer or Hootsuite.

Get curated. Constantly posting ads for your business is a no-no. When you identify topics of interest for your audience by others, you might want to file this content away for future use (like scheduling it for the following week). Organize and save content you come across in your web browser, email or using Pocket, which is integrated with more than 1,500 apps.

Get help. If managing your social media accounts begins to encroach on your income-producing sales activities, consider handing it off to an existing employee, hiring an intern from a local college (making sure they get to know your business and audience), or looking into freelance sites like Fiverr or Upwork for professional help (check ratings and testimonials thoroughly!). Just a few hours a week can help you manage your content calendar, identify content and schedule meaningful, engaging posts consistently.

Social media provides lots of new and repeat business opportunities, and these tips will help make staying on top of your strategy easier than ever.

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

Economic Calendar for the Week of August 15 – August 19

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. August 15
08:30
Empire State Index
Aug
NA
0.55
Moderate
Mon. August 15
10:00
Housing Market Index
Aug
NA
59
Moderate
Tue. August 16
08:30
Housing Starts
Jul
NA
1189K
Moderate
Tue. August 16
08:30
Building Permits
Jul
NA
1153K
Moderate
Tue. August 16
08:30
Consumer Price Index (CPI)
Jul
NA
0.2%
HIGH
Tue. August 16
08:30
Core Consumer Price Index (CPI)
Jul
NA
0.2%
HIGH
Wed. August 17
02:00
FOMC Minutes
Jul
NA
NA
HIGH
Thu. August 18
08:30
Jobless Claims (Initial)
8/13
NA
266K
Moderate
Thu. August 18
08:30
Philadelphia Fed Index
Aug
NA
-2.9
HIGH

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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