MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

Trading volumes should decrease in the week between Christmas and New Year’s, but data releases don’t take holiday vacation.
  • The S&P/Case-Shiller Home Price Index will be released on Tuesday, followed by Pending Homes Sales on Wednesday.
  • Consumer Confidence will be delivered on Tuesday.
  • Thursday brings weekly Initial Jobless Claims.
  • Regional manufacturing data from the Chicago PMI will be reported on Friday.

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 gained a little ground recently.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday December 23, 2016)

Japanese Candlestick Chart

The Mortgage Market Guide View…

5 Ideas for Giving Back

Giving back to your local community isn’t just good business sense. It can make a direct impact in the lives of your friends, clients and neighbors. Here are five great ways to give back:

Promote local businesses by purchasing local whenever you can. If you’ve got a website, make note of the ones you trust with links and descriptions. Or mention local businesses with photos or check-ins at the establishments on your social media feeds. And if you have clients who are new to your area, your tips will also help them get acclimated to the neighborhood.

Sponsor food drives as an easy way to help people in need. Many organizations are in need of food year-round. Don’t just wait for holidays to roll around. Make a regular collection throughout the year and invite partners, clients and team members to take part.

Start a mentoring program for younger people in the community. Check with local youth groups for pre-existing programs or develop one of your own that will help develop skills kids need in the workforce.

Promote a local event related to charity work. For example, marathons or family fun runs reinforce community, health and fitness.

Offer your skills as a professional by teaching a local adult education class. Many of the skills you use every day — whether you’re a tax or financial planner, real estate professional, or just really good with Microsoft Word — can be transferred to adult education. You also may be able to offer your skills as a volunteer board member with a local charity.

This list can help you develop lots of ways you can be unique in your charitable giving. And if these ideas aren’t enough, here are even more ways to give back.

Happy Holidays!

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

Sources: Inc., Greatist

Economic Calendar for the Week of December 26 – December 30

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. December 27
09:00
S&P/Case-Shiller Home Price Index
Oct
NA
5.1%
Moderate
Tue. December 27
10:00
Consumer Confidence
Dec
NA
107.1
Moderate
Wed. December 28
10:00
Pending Home Sales
Nov
NA
0.1%
HIGH
Thu. December 29
08:30
Jobless Claims (Initial)
12/24
NA
NA
Moderate
Fri. December 30
09:45
Chicago PMI
Dec
NA
57.6
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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