MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueForecast for the Week

While the week is jam-packed with key economic reports, the March 14-15 Federal Open Market Committee meeting and release of the monetary policy statement will likely be the headline grabber.
  • Inflation data from Tuesday’s Producer Price Index and Wednesday’s Consumer Price Index will be dissected by Fed members at this week’s FOMC meeting.
  • Retail Sales will be released on Wednesday along with the Fed’s monetary policy statement.
  • Regional manufacturing numbers will be delivered in Wednesday’s Empire State Index and Thursday’s Philadelphia Fed Index.
  • On Thursday, Housing Starts and Building Permits will be released along with the usual weekly Initial Jobless Claims.
  • The Consumer Sentiment Index 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 struggled to gain traction recently. Home loan rates remain attractive despite Bond market losses.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday, March 10, 2017)

Japanese Candlestick Chart

The Mortgage Market Guide View…

4 Small Business Blogs Worth Following

There’s no shortage of bloggers offering information and opinions on the Internet. When it comes down to pure inspiration, motivation and actionable advice for business, these blogs demonstrate the right stuff.

{grow}, by best-selling author Mark Schaefer, focuses on all things marketing. The blog covers a range of how-to topics from content marketing to influence marketing, marketing strategy and actual case studies.

Harvard Business Review direct from Harvard Business School is a massive site offering clearly categorized content on leadership, entrepreneurship, work-life balance and more. Another unique feature (for a fee) is the library of guide books, which offers a deeper dive to help you solve a wide range of career development issues.

FedEx Small Business Center is the blog dedicated to helping small businesses succeed, and it’s not all about shipping. You’ll find a wide-ranging collection of actionable business-building tips from improving cold calling skills to Chamber of Commerce networking ideas.

Mari Smith is often referred to as “the Queen of Facebook” and is a Forbes Top Social Media Power Influencer. Mari’s blog can help you take your Facebook game to the next level with hundreds of ideas and tools to increase your reach and engagement.

If the list above doesn’t satisfy your bug for a blog, check out even more blogs that can help you grow your business.

Feel free to forward this email, along with these helpful tips, to your team, clients or colleagues.

Sources: Huffington Post, Inc.

Economic Calendar for the Week of March 13 – March 17

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. March 14
08:30
Producer Price Index (PPI)
Feb
NA
0.6%
Moderate
Tue. March 14
08:30
Core Producer Price Index (PPI)
Feb
NA
0.4%
Moderate
Wed. March 15
08:30
Empire State Index
Mar
NA
18.7
Moderate
Wed. March 15
08:30
Retail Sales ex-auto
Feb
NA
0.4%
HIGH
Wed. March 15
08:30
Retail Sales
Feb
NA
0.4%
HIGH
Wed. March 15
08:30
Consumer Price Index (CPI)
Feb
NA
0.6%
HIGH
Wed. March 15
08:30
Core Consumer Price Index (CPI)
Feb
NA
0.3%
HIGH
Wed. March 15
02:00
FOMC Meeting
Mar
NA
0.625%
HIGH
Thu. March 16
08:30
Housing Starts
Feb
NA
1246K
Moderate
Thu. March 16
08:30
Building Permits
Feb
NA
1285K
Moderate
Thu. March 16
08:30
Jobless Claims (Initial)
3/11
NA
NA
Moderate
Thu. March 16
08:30
Philadelphia Fed Index
Mar
NA
43.3
HIGH
Fri. March 17
10:00
Consumer Sentiment Index (UoM)
Mar
NA
96.3
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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