MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Economic growth and inflation will be the hot topics in a data-rich week that includes housing, consumer attitudes and more.
  • Housing data begins on Monday with New Home Sales, followed by the S&P/Case-Shiller Home Price Index on Tuesday and Pending Home Sales on Thursday.
  • Consumer Confidence will be released Tuesday with the Consumer Sentiment Index on Friday.
  • Durable Goods Orders will be delivered Wednesday.
  • On Thursday, the final reading on second quarter Gross Domestic Product will be released along with weekly Initial Jobless Claims.
  • Look for manufacturing news via the Chicago PMI on Friday. Plus, Friday brings the latest news on Personal Income, Personal Spending, and the Fed’s favorite inflation gauge, Personal Consumption Expenditures (PCE).
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 were pushed higher recently, keeping home loan rates in historically low territory.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday September 23, 2016)

Japanese Candlestick Chart

The Mortgage Market Guide View…

6 Ways to Raise Your Webcam IQ

Chances are you’ve used a webcam, but how confident are you that your webcam etiquette gives your viewers the best experience and helps you put your best foot forward? No matter how you use webcams in your career, these six tips can help polish your presence:

Distractions are deal killers. Clear the room, silence your phone, close out other computer applications that may ping or pop up, and close your door to help minimize intrusions. The more importance and focus you place on the other person’s experience, the better impression you’ll make.

Cut Clutter. If viewers can see you, they can see your office too. Make sure your background doesn’t create visual noise. Have a clean, decluttered background to leave contacts with a good impression of your professionalism and style.

Light and shadow. Make sure you are well lit from the front. If you’re overly backlit, it can appear as though you’re sitting in a darkened room, even if it looks well lit in person.

Chin up! Position your webcam, so you look slightly upward into the camera instead of downward. This may require a riser for your laptop. You’ll look more natural; plus it’s a healthier position for your neck!

The eyes have it. As tempting as it may be to look at the computer screen, take a cue from professional news anchors. Give the illusion of eye contact by looking at the camera as you speak, rather than at your image or the image of the person with whom you are talking.

Don’t be shifty. Don’t forget they can see you. Like with face-to-face communication, your posture and body language make an impression. So sit up straight, use simple hand gestures as you talk, and resist the urge to make unnecessary movements like head scratching, fidgeting or shifting in your seat.

The next time you find yourself sitting across from a webcam at home or in the office, try a few of these tips and you’ll make an even better impression!

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

Source: Fast Company

Economic Calendar for the Week of September 26 – September 30

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. September 26
10:00
New Home Sales
Aug
NA
654K
Moderate
Tue. September 27
09:00
S&P/Case-Shiller Home Price Index
Jul
NA
5.1%
Moderate
Tue. September 27
10:00
Consumer Confidence
Sep
NA
101.1
Moderate
Wed. September 28
08:30
Durable Goods Orders
Aug
NA
4.4%
Moderate
Thu. September 29
08:30
Gross Domestic Product (GDP)
Q2
NA
1.1%
Moderate
Thu. September 29
08:30
GDP Chain Deflator
Q2
NA
2.3%
Moderate
Thu. September 29
08:30
Jobless Claims (Initial)
9/24
NA
252K
Moderate
Thu. September 29
10:00
Pending Home Sales
Aug
NA
1.3%
Moderate
Fri. September 30
08:30
Personal Income
Aug
NA
0.4%
Moderate
Fri. September 30
08:30
Personal Spending
Aug
NA
0.3%
Moderate
Fri. September 30
08:30
Personal Consumption Expenditures and Core PCE
Aug
NA
0.1%
HIGH
Fri. September 30
08:30
Personal Consumption Expenditures and Core PCE
YOY
NA
1.6%
HIGH
Fri. September 30
09:45
Chicago PMI
Sep
NA
51.5
Moderate
Fri. September 30
10:00
Consumer Sentiment Index (UoM)
Sep
NA
89.8
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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