MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Housing news and economic growth in the form of Gross Domestic Product will be closely watched.
  • The week begins with New Home Sales being released on Tuesday followed by Existing Home Sales on Wednesday.
  • Weekly Initial Jobless Claims and Durable Goods Orders will be delivered on Thursday.
  • On Friday, the Consumer Sentiment Index and the second reading on second quarter Gross Domestic Product 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 traded in a tight pattern recently. Home loan rates remain in historically low territory.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday August 19, 2016)

Japanese Candlestick Chart

The Mortgage Market Guide View…

 Tools to Make Business Writing a Snap

“He was such a bad writer, they revoked his poetic license.” — Milton Berle

Even professional writers sometimes find writing difficult. And when there’s a deadline to meet, the right words can be hard to come by. So if you’re looking to write better business and sales letters, or occasional social media and blog posts, thankfully there are plenty of apps and add-ons that can help.

Here are four tools to help make your writing more professional and polished:

After the Deadline is a free, open-source grammar, style and spelling checker for social media, blog or other browser-based posting. Either paste your text into the online checker or download the plug-ins for your browser of choice, including Chrome, Firefox, OpenOffice, WordPress and others.

Proofread Bot can help improve your writing on the spot as well as make you less reliant on the program over time. The automatic proofreader highlights the errors it finds and teaches you with brief explanations. Available for Office Online, Google Docs, several browsers and blogger platforms for as little as .007 cents per word (or $35 for review of 500,000 words).

WordRake will help you convey what you mean clearly and concisely, eliminating jargon and wordiness from your style. This Word and Outlook add-on puts Microsoft’s native grammar and style checker to shame. But at $129 to $199 annually … it’s pricey. The tool is probably most suitable for those wishing to add blogging, articles, press releases or other long-form writing to their marketing mix.

Letter templates can eliminate those blank page blues if you’re called upon to write a reference, recommendation or request. Microsoft Office Online users can get free business letter templates (not to mention other PowerPoint and Excel goodies too!). Small-business site 4hb has over 680 sample letters for almost any need. Just copy and paste the content and modify to suit.

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

Source: Business 2 Community

Economic Calendar for the Week of August 22 – August 26

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. August 23
10:00
New Home Sales
Jul
NA
592K
Moderate
Wed. August 24
10:00
Existing Home Sales
Jul
NA
5.57M
Moderate
Thu. August 25
08:00
Durable Goods Orders
Jul
NA
-4.0%
Moderate
Thu. August 25
08:30
Jobless Claims (Initial)
8/20
NA
262K
Moderate
Fri. August 26
08:30
Gross Domestic Product (GDP)
Q2
NA
1.2%
HIGH
Fri. August 26
08:30
GDP Chain Deflator
Q2
NA
2.2%
HIGH
Fri. August 26
10:00
Consumer Sentiment Index (UoM)
Aug
NA
90.4
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