MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Investors will have a lot to digest in this shortened Thanksgiving week.
  • Existing Home Sales will be released Tuesday followed by New Home Sales on Wednesday.
  • Durable Goods Orders will also be released on Wednesday along with the Consumer Sentiment Index, weekly Initial Jobless Claims and the Federal Open Market Committee meeting minutes.
The markets will be closed all day Thursday for Thanksgiving. On Friday, Stocks will close at 1:00 p.m. ET, while the Bond markets will close at 2:00 p.m. ET.

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 attempted to stabilize following their post-election dive.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday November 18 2016)

Japanese Candlestick Chart

The Mortgage Market Guide View…

Fast-forward Focus

If your workday can’t get any longer and your to-do list isn’t getting any shorter, you’re probably looking for ways to get more done in less time. Fortunately, there’s no shortage of innovative ways to improve efficiency. Here are six easy productivity hacks to help you in a hurry:

Time your tasks. Timing everything you do during the day not only helps you keep track of where your time goes, but brings a sense of urgency to your work that may help you finish faster. Make sure to take breaks between timed sessions!

Follow “the two-minute rule.” This rule states if a task only takes two minutes or less to complete, just handle it. Otherwise, it may take more time to stop what you are doing, write notes down and recall the task later.

Write more. Writing things down the good old-fashioned way using pen and paper helps minimize digital distractions and improve concentration and recall.

Be meeting mindful. Meetings should be short and have a specific purpose. Shoot for 15 to 30 minutes tops. Requiring an agenda will also help move meetings in a swift direction. Assign homework in advance as needed, so attendees can be ready to roll.

Long email chains can be frustrating and time-wasting. Once a chain deviates from the main subject, stop it and schedule a meeting or identify who in the group should continue the email thread and ask for others to no longer be copied.

Don’t hunt for news. A reader such as feedly or Feedreader can help you organize your best news sources and favorite topics, so you save time hunting around for news manually. Capture it all in one place for efficient reading.

Put these tips to use this week. Then check here for 95 other efficiency hacks and great time-saving tips!

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

Source: Entrepreneur

Economic Calendar for the Week of November 21 – November 25

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. November 22
10:00
Existing Home Sales
Oct
NA
5.47M
Moderate
Wed. November 23
08:30
Durable Goods Orders
Oct
NA
-0.1%
Moderate
Wed. November 23
08:30
Jobless Claims (Initial)
11/19
NA
235K
Moderate
Wed. November 23
10:00
Consumer Sentiment Index (UoM)
Nov
NA
91.6
Moderate
Wed. November 23
10:00
New Home Sales
Oct
NA
593K
Moderate
Wed. November 23
02:00
FOMC Minutes
Nov 2
NA
NA
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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