MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

News on wholesale inflation and Retail Sales highlight a quiet week for economic reports.
  • Thursday brings the first release with weekly Initial Jobless Claims.
  • On Friday, the wholesale inflation reading Producer Price Index, Retail Sales and Consumer Sentiment Index will be delivered.
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 stopped their downward slide recently and made up some ground.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday January, 2017)

Japanese Candlestick Chart

The Mortgage Market Guide View…

4 Tips to Be a SlideShare Power User

SlideShare is a business networking platform that allows you to upload and share PDFs, PowerPoint decks and your YouTube videos with your clients and social networks — for free! Here are four tips for getting started:

Set up a SlideShare profile using your LinkedIn account. Hover over your profile image (or the person icon) to open a dropdown menu where you can check and complete your account settings and profile details. For the best search engine optimization, make sure to fill out your profile entirely before you get started.

Review featured topics to get a feel for the platform and see how other pros use it to spread information. There are decks by a wide variety of companies, nonprofits and educators making it a fantastic information research tool in its own right.

Use SlideShare to promote content on your LinkedIn profile. SlideShare makes it easy to post work samples or media under the work history of your LinkedIn profile. All you have to do is click add a media link and the content populates automatically.

Measure views from social media platforms to see where your performance is at its peak. SlideShare analytics provide insights on your top SlideShares, engagement statistics, recent visitors and more.

If you’re ready to jump in and become a SlideShare specialist, don’t miss these Tips For Preparing Your SlideShare Presentations.

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

Sources: LinkedIn, SlideShare

Economic Calendar for the Week of January 09 – January 13

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Thu. January 12
08:30
Jobless Claims (Initial)
1/07
NA
NA
Moderate
Fri. January 13
08:30
Producer Price Index (PPI)
Dec
NA
0.4%
Moderate
Fri. January 13
08:30
Core Producer Price Index (PPI)
Dec
NA
0.4%
Moderate
Fri. January 13
08:30
Retail Sales
Dec
NA
0.1%
HIGH
Fri. January 13
08:30
Retail Sales ex-auto
Dec
NA
0.2%
HIGH
Fri. January 13
10:00
Consumer Sentiment Index (UoM)
Jan
NA
98.2
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