The most important report will be on Friday with the Unemployment Report. Analysts are predicting that unemployment will go from 9.4% to 9.6%. That would be good for the bond market therefore good for mortgage interest rates. If the unemployment rate is lower, then we could see a raise in mortgage interest rates on Friday.

The other important reports will start on Monday with the January’s Personal Income which gives us consumers’ ability to spend and current spending habits. Remember, consumer spending makes up two-thirds of our economy. Traders are looking for a 0.06% and if it is higher it can move mortgage interest rates higher.

Tuesday, we have the index that reports on manufacturers sentiment, Supply Management. This reports on what manufacturer’s  executives feel about their  business conditions as to whether our economy is getting better or worse.  

Employee Productivity and Costs Data for the 4th Quarter is on Thursday. This report deals with cost of the production and how it relates to capital input and labor costs.

Each of these reports can move the market up or down along with global events. With the Mideast and especially Egypt dealing with riots, protests, and overturning of governments, this could have an effect on the markets in regards to the cost of oil.

You can read a more in depth report about a review of last week’s happenings, this coming weeks’ reports, and a video on “Tax Planning” in this week’s MMG Weekly Report.

As always, please feel free to contact me with your questions or concerns whether it be about your particular mortgage financial situation or more information about how the bond market affects mortgage interest rates.

To an inspired day and week,

Betsy Moore
Mortgage Advisor
MLO# 118165
206-331-2749

Though this week is a busy one for economic reports only a few can and might move the market. But remember, other global news can spook the market.

Tuesday besides the FOMC meeting, we will get the Consumer Confidence Index. This is moderate to high importance report. It indicates how confident the consumer is in their own financial situation, whether they will be making any big ticket item purchases, and the economy as a whole.

Friday will see four economic reports being released but the most important one will be the Gross Domestic Product for the 4th Quarter of 2010. This is important as it tells us if the economy has been recovering and growing. A weaker report will be good for the bond market and therefore mortgage interest rates. A good report which is stronger than the expected 3.8% growth will have the exact opposite effect on the bond market and therefore mortgage interest rates.  

The other report on Friday that can affect mortgage interest rates will be the 4th Quarter Employment Cost Index. That measures employers cost of employees’ wages and benefits. A good report can indicate inflation which is bad for the bond market.

And on top of these important reports, the Treasury will be auctioning off 5-year and 7-year Treasury Notes respectively on Wednesday and Thursday. If these are well received then we can see a raise in mortgage interest rates in the afternoon on both days. If not, then lower interest rates.

In this week’s MMG Weekly Reportis an article on the new “driving” rules set forth by the IRS as well as more indepth information about last week and the economic reports that will be released this week.

As always, please feel free to contact me with your questions or concerns whether it be about your particular mortgage financial situation or more information about how the bond market affects mortgage interest rates.

To an inspired day and week,

Betsy Moore
Mortgage Advisor
MLO# 118165
206-331-2749

Tuesday’s Retail Sales will report whether the consumer is spending or not. Remember, two-thirds of our economy is made up of consumer spending. So if we as consumers aren’t spending, we aren’t helping the economy. A larger than expected uptick in consumer spending will move the mortgage interest rates up as traders and investors will be concerned about economic growth expanding faster than previously indicated.

Consumer Price Index (CPI) on Friday will reveal whether inflation is a factor in our economy. Inflation is bad for the bond market so money will flow out of bonds into stocks as inflation erodes the value of the bonds.  This will then cause mortgage interest rates to also raise.

Wednesday and Thursday brings us the other reports. Though August’s Industrial Production, August’s Producer Price Index, Core Producer Price Index and Consumer Sentiment normally won’t move the markets, they can if one of these reports are  way off the mark for the better or worse.

As always, I’ll be following these and more so that I am up on the news that affects mortgage interest rates.

You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am. 

I also will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

Though we will start the week out on Monday with New Home Sales which is expected is be up a bit which shouldn’t affect mortgage interest rates since the report only tracks about 15% of the new home sales. But if it is up more, it could affect interest rates.

Tuesday will start the bigger news in Consumer Confidence Index. This report tells us whether consumers, us, are confident about their own financial situation which translates to will we spend money on big ticket items. This report is important to the economy as consumer spending which has been tight over the last two years makes up two-thirds of our economy. In other words, if we don’t spend, the economy isn’t going to grow and we won’t pull out of the recession fully. Quite a catch-22.

Wednesday, we have Durable Goods  which gives us an indication of manufacturing strength.  The traders expect an upward tick in this report from May to June.

Thursday, we have the all important Initial Jobless Claims. Jobless Claims keep going up instead of down. And with the new extension on unemployment benefits, the outlook still isn’t looking as rosy as we would all like it to be.

And then Friday, we have Gross Domestic Products (GDP) and Consumer Sentiment Index. GDP will reflect 2nd Quarter and is the sum of what we have produced for both service and products. It indicates our economic activity and whether we had good growth during that time. This report can move the market one way or the other. Consumer Sentiment Index will reveal our optimism on our own financial situation.

Besides these reports, the US  Treasury Department will be auctioning off $104 Billion in 2-year notes, 5-year notes and 7-years notes Tuesday, Wednesday and Thursday, respectively. Depending on how well these auctions do, it can affect mortgage interest rates.

You can read about all of this in this week’s MMG Weekly as well as an article from Kiplinger on “10 Things We Overpay For:You Can Save Big by Buying Cheap Alternatives Instead“.

As always, I’ll be following these and more so that I am up on the news that affects mortgage interest rates.

You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am. 

I also will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

206-331-2749

     So what is in store for us? First off will be the one of two Treasury Auctions on Tuesday when the 10 year Notes will be sold. Retails Sales and the FOMC meeting minutes will follow on Wednesday along with the second Treasury auction-30 year Bond. 

     Retail Sales are important as that indicates what the consumer is spending. Consumer spending makes up two thirds of our economy so that data is watched very closely. Experts feel that sales will be about 0.2% lower than last month’s. Any large decline can trigger a bond rally, lowering mortgage interest rates indicating that the economy is not as strong as hoped fur.

      FOMC meeting minutes which are released later on Wednesday will be closely scrutinized for any wording that would indicate what the Fed may do in the near future as to raising the short term interest rates and how they feel the economy is coming along.  

     Thursday, we have the all important June Producer Price Index and the Core Producer Price Index along with June’s Industrial Production data. All three of these are important as they are an indication to inflationary pressures at the producer level. No change is good for bonds and a decline is even better for bonds.

     And on Friday, the Consumer Price Index (CPI) and Consumer Sentiment are released. The CPI and Core CPI measures the inflation at the consumer level while the Consumer Sentiment indicates how the consumers, us, feel about our own financial situation. If we are comfortable and confident, we are more apt to purchase bigger ticket items.

      So with a full house of economic reports being released we could see some jitters in mortgage interest rates. This will result in rates moving up and down though I don’t feel that we will have big leaps upward.

       You can read more about this and watch a video from the Kiplinger’s report about “Home Energy Audit” in this week’s MMG Weekly Report.

       As always, I’ll be following these and more so that I am up on the news that affects mortgage interest rates.

      You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.

      I also will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

      Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

206-331-2749

      US Job Rate came in at a surprise. Traders expected around 500,000 but got 431,000 with the majority of them being Census Jobs (411,000) which are temporary and will end soon. About the only good news out of this Jobs Report was that average hours worked improved. The Greece and the oil situation haven’t improved and only with the start of this month.  All of this led to a stock market that dip as money flowed out of the stock market into the bond market.

      This coming week, the economic reports that can move the market will be mostly on Friday. Though this Thursday, we will see the Initial Jobless Claims.  Friday, we’ll see the Consumer Sentiment Index and Retail Sales. Both of these will show if the consumer is continuing to spend money during this rather bumpy recovery.

      In addition to these reports, the US Treasury will be auctioning off $70 Billion in Notes and Bonds Tuesday through Thursday.

      Even though mortgage interest rates have been better than normal, we don’t expect this to last long. Investors will be quick to pull the trigger to raise rates with the slightest hic-cup in the market.

       You can read about these reports and more in this week’s MMG Week in Review as well as a great article on “Six Money Mistakes of Newlyweds.”

     As always, I’ll be following these and more so that I am up on the news that affects mortgage interest rates.

      You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.

      I also will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

      Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

206-331-2749

      The Euro zone is still dealing with Greece’s economic woes and along the way, Spain, Italy and Portugal also are experiencing economic stability. This news had money flowing into the bond market as the European Central Bank unveiled their own TARP stimulus package to the tune of $955 Billion to help these countries. Whether this will just be a band-aid or whether these countries will right their economic houses only time will tell. Let’s hope that it is the latter.

      Also in the news last week was the growing concern over China’s possible inflation though their government has been trying to stem that tide.

      All this news affects our economic future. Though it will be cheaper to fly to Europe, our corporations that are global will feel it in their bottom line as our products will be cheaper to purchase over in Europre. And China’s exports to us will be more expensive causing inflation in our country.

      This week there will be two important inflation reports released. On Tuesday and Wednesday, we will get Producer Price Index and Consumer Price Index. Both of these can impact the bonds and home loan rates.

      Tuesday will also bring Housing Starts and Building Permits Reports. And of course, on Thursday we have Initial Jobless Claims. Those numbers are still high and even more troubling is the additional 5.13 Million Americans claiming Emergency Unemployment Compensation which can last up to 99 weeks!!

      You can read about this in detail in MMG Weekly as well as an interesting article on “Remodeling Your Bathroom: A Project Worth Investing In”.

      As always, I’ll be following these and more so that I am up on the news that affects mortgage interest rates.

      You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.

      I also will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

      Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

206-331-2749

     Looking down the road on these mortgage backed-securities that the Fed has beenbuying and now holding, we may see them start selling back into the marketplace. Remember, they have purchased $1.25 trillion of these making their balance sheet on the heavy side. This could result in higher interest rates.

     This coming week is filled with economic reports. The biggies are Monday: Personal Consumption Expenditures and Core Personal Consumption Expenditures, Wednesday: Chicago PMI and, the all important, ADP National Employment Report, and Friday: ISM Index, Non-Farm Payrolls, Unemployment Rate, Average Work Week, and Hourly Earnings.

     Last week’s Initial Jobless Claims showed the lowest numbers in months. But we can’t forget the ones who have totally dropped out of working or those who have had to take part time jobs to make ends meet. We can only hope that the Unemployment Rate is coming down as hopefully more companies start to hire.

     You can read about all of this as well as more about the $8000.00 First Time HomeBuyers Tax Credit that will end April 30, 2010 in this week’s MMG Weekly Review.

     You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.

     And as always, I will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

     Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

206-331-2749

      This coming week will be  one of possible great volatility with the Tuesday and Friday most likely being the most volatile.

      A run of economic reports coming out include Existing Home Sales, Consumer Confidence Index, a new round of Treasury auctions, New Homes Sales, FOMC minutes, GDP, Unemployment Cost Index are just a few of them.

      The most important ones are the Consumer Confidence Index and the GDP.

     The Consumer Confidence Index indicates whether us consumers are willing to spend money on big ticket items in the near future. Remember consumer spending accounts for two-thirds of our economy. If the index comes in lower than 53.5%, it will be good for the bond market. This report comes out on Tuesday.

      On Friday early morning, GDP will be report. It indicates how well are economy is growing overall over the last quarter (4th of 2009). A low reading would be good for the bond market.

      You can read about this and more in this week’s MMG Week in Review as well as New Lending Policies Announced by FHA. This is very important for the First Time HomeBuyer who wants to use this type of low down payment program. This new changes will come into effect April 5, 2010.

      You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.

     And as always, I will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

     Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

206-331-2749

     I urge you to read more about these numbers and what is behind them in this week’s MMG Weekly especially the 661,000 people that have left the workforce!

     Volatility will be the name of game this coming week.

     The Treasury will auction a total of $84 Billion of 10 year TIPS, 3 year notes, 10 year note and then 30 year notes, Monday, Tuesday, Wednesday, and Thursday respectively.

     On Thursday, we get the Retail Sales which gives us a broad indication of consumer spending patterns. Also Initial Jobless Claims will be reported on Thursday.

     Then on Friday, we get another round of important data. This time, the Consumer Price Index and Consumer Sentiment Index!

      Again, I urge you to read about this week’s MMG Weekly. And included in this week’s report is an article on “Exercises That Don’t Cost a Dime.”

      You can also check out the Daily Rate Lock Advisory each day. This report normally comes out around 10am.

     And as always, I will report daily on twitter @mmtgsolutions on the mortgage interest rates and what to expect for the day. If one of these reports moves the market in a significant manner, I’ll write about it here.

     Please remember, I welcome your comments to this and my other posts.

To an  inspiring week,

Betsy Moore

206-331-2749