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

On Thursday, we will have the weekly Initial Jobless Claims Report. Instead of growing jobs, we are still losing jobs though thankfully not at the rate we were before. But with the stimulus money not having a great affect on the job’s market and with state governments having budget shortfalls, we may see more layoffs soon instead of job gains.

Then on Friday, we have Retail Sales, Consumer Price Index and Core Consumer Price Index. Retails Sales is important as if we continue to save instead of consume/spend, the economy won’t recover. As consumers, we contributes to two-thirds of our economy. The two Consumer Price Index Reports shows us inflation at the consumer level.

You can read about all of this in more detail in this week’s MMG Weekly as well as an article on “How to Succeed On Webcam Interviews.”

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

     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

     Besides this debate, the first part of the week will be fairly quiet. Wednesday and Thursday will be the newsy days. Wednesday gives us Producer Price Index, Housing Starts and Building Permits while Thursday will be Consumer Price Index and Initial Jobless Claim Report.

     Most troubling is the Initial Jobless Claim Report as those claims are remaining high. Last week, the Initial Jobless Claim Report reported that an additional 5.13 million people claimed Emergency Unemployment Compensation-benefits that last longer than the normal 20 weeks. These last up to 99 weeks in total.

     Last week, we saw global investors finding safe haven in US Bonds. But as the Euro stabilizes, investors and traders can start reversing their trades which will cause mortgage interest rates to rise again. Balancing this May’s Job Report and Retail Sales Report showed a decline which only indicates how fragile our own economy still is.

     In all, we are still walking a tight rope as we climb out of this slow recovery. A false step, mounting debt, stubborn high umemployment  and tightening credit can all have an effect as to which way this economy will go.

     You can read about all of this and more in this week’s MMG Weekly Review as well as a great article on “Six Travel Scams to Avoid.”

      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

      This Thursday marks the 40th anniversary of Earth Day. And in this MMG Weekly Review is a great article on “Reducing Our Waste.”

      I personally have used www.YouRenew.com to recycle an old cell phone I have been holding on to as I didn’t know how to get rid of it. Now I didn’t get that much for it since it was old technology but I was able to give it an organization that would recycle the cell phone for me as well as pay me a bit for it. Postage, by the way, was free.

     Another resource I’ve been using lately has been Craigslist to sell items I no longer need or use. This I learnt from Warren and Betsy Talbot, friends of mine. In fact, you might find their website of interest on how they changed their life style so that they can travel the world. Check out their website at www.marriedwithluggage.com. Besides their story being an interesting read, they have shared their “secrets” on how they are doing this by saving, downsizing, and creative ways of selling their stuff.

      This week will be packed with economic reports on Existing Home Sales, New Home Sales, Produce Price Index and the every week, Initial Jobless Claims.

     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.

     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

     Also last week, we had some encouraging news from the manufacturing side. The Empire State Index that measures manufacturing sectors in the New York state came in higher than expected. But on the other hand, Core Consumer Price Index came in lower than expected.

     This week all the economic reports will be reported on Wednesday and Thursday.

     First will be the Producer Price Index, which measure the wholesale side of inflation, and two housing reports,  Building Permits and Housing Starts.

     On Thursday, we’ll get the Initial Jobless Claims and the Philadelphia Index, another manufacturing report.

      You can read more about all these reports and how they affect the market in this week’s MMG Week in Review as well as how you can contribute to the Haiti relief effort.

      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

     Let’s do a quick re-cap of last week. The Treasury auction didn’t do well. There was too much supply of not only Treasury notes but Mortgage-Backed Securities being auctioned off. And not enough money to purchase these assets. Adding to this, Retail Sales and Consumer Sentiment came in higher than expected. All of these actions and reports didn’t help the bond market. And as the bond market did a slow decline, mortgage interest rates did a slow assent.

      This week will be a busy one starting with Produce Price Index on Tuesday. This report measures inflation on the wholesale level. Following this, Consumer Price Index, Housing Starts, Building Permits and FOMC Meeting’s Statement are all released on Wednesday. Thursday, we get the Initial Jobless Claims and the Philadelphia Fed Report. The last report is about manufacturing which has been up and down.

      In this week’s MMG Week in Review is this interesting chart about all of the Post World War II Recessions. As you can see, this recession has been the longest Post World War II one at 23 months and counting. And at the very end of MMG Week in Review is an article on the Best Holiday Gifts Under $25.

     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