Veterans Day has come and past and now everyone is looking towards the holiday shopping season as a leading indicator on the health of the economy.
The first report of the week will be October's Retail Sales due to be released early Monday morning. This is an extremely important report as it tells the story of consumer spending, which makes up two-thirds of the US economy.
On Tuesday, the key reports shift away from the consumer and to the health of producers and manufactures. The first report will be October's Producer Price Index (PPI) and gives a sneek peek into inflationary pressure at the producer level. The second report will be October's Industrial Production as it will provide the strength in the manufacturing sector.
Wednesday will be a significant day of economic reports that will include October's Consumer Price Index (CPI), which measures inflationary pressure on the consumer and really tells the story of consumer buying power. Also to be reported that day will be October's Building Permits, October's Housing Starts and Crude Inventories. Anticipate a lot of media coverage on the housing recovery as focus will be on Housing Starts.
Thursday will be especially important to bond traders as the Treasury Department will announce the dollar volume of 2-year, 5-year and 7-year Notes to be auctioned the following week.
Home loan shoppers and retirement funds will continue their battle for investment dollars from abroad and here in the US. As-is the par for the course, good economic news will favor the stock market and take money away from mortgage bonds which will result in higher mortgage rates. Conversely, bad economic news will drive investors into the safety of bonds which will help home buyers with lower mortgage rates.
Want to see what other economic reports might impact home buyers in the coming week? Stop by and check out the Financial Market Update Provided to You Exclusively by The Barath Group.
This Is The Week Ahead for November 15th.
Today is Veterans Day. We want to thank every soldier as our freedom is a direct result of men and women that fight for our country. Without them we would not have freedom. We definitely would not be facilitating home loans and most certainly would not have the life style we all enjoy.
Benchmark Mortgage: The Barath Group takes this day very serious and truly want to thank each of you that have served our country and pray for the safety of those that are serving our country today.
May God Bless OUR Military, OUR Troops and OUR Country.
This week is light on the economic reports but another record amount of treasury auctions will definitely keep the holiday-shortened week exciting.
This week will include $40 billion in 3-years, $25 billion in 10-years and $16 billion in 30-years. It will be extremely important to keep an eye on how the treasury auctions are received especially by foreign investors on the longer term maturities as it will impact mortgage rates.
With Veterans Day being celebrated on Wednesday, much of the reaction in mortgage bonds and to home loan shoppers will be impacted by headlines of the stock market and recent passage of legislation from Congress.
Be advised that trading volume during holiday-shortened weeks generally are low which means greater volatility for stocks, bonds and mortgage rates.
Home loan shoppers and retirement funds will continue their battle for investment dollars from abroad and here in the US. As-is the par for the course, good economic news will favor the stock market and take money away from mortgage bonds which will result in higher mortgage rates. Conversely, bad economic news will drive investors into the safety of bonds which will help home buyers with lower mortgage rates.
Want to see what other economic reports might impact home buyers in the coming week? Stop by and check out the Financial Market Update Provided to You Exclusively by The Barath Group.
This Is The Week Ahead for November 8th.
It's that time again for the annual Duneland YMCA Womanless Beauty Pageant! You heard that right, the Womanless Beauty Pageant! Although there will be plenty of laughs to go around, this is a serious fundraiser to raise the necessary funds to support the YMCA Strong Kids Campaign.
With a population a little more than 10,000 people, this event is one of the biggest fundraisers for our community YMCA. It also happens to be one of the most theatrical fundraisers that includes local business men competing in evening gowns and swim wear for the titles of Miss-ter Congeniality and Miss-ter YMCA.
Every year this event seems to grow bigger and more lavish. Besides the competition, there is a silent auction that is part of the gala to raise funds. The unique part of the auction is that the men who participate in the contest are responsible for gathering the charity auction items.
Last year, the event raised nearly $27,000 for the YMCA. It truly is amazing what can be achieved when humility is left at the door. Come join us on Saturday, November 6th, for the Duneland Family YMCA Womanless Beauty Pageant...You Won't Regret It!
The week ahead has several economic reports that could provide direction for mortgage rates for several weeks to come. In addition to the monthly economic reports scheduled to be released this week, the Federal Open Market Committee will also be meeting.
The Institute for Supply Management (ISM) will post their manufacturing index on late Monday morning. This index is important as it provides a gauge on manufacturing strength.
The second report of the week will come on Tuesday when September Factory Orders will be released. The outcome of the news is not as significant as the ISM Index.
Although the FOMC will begin their meeting on Tuesday, it will not adjourn until Wednesday afternoon at 2:15 PM, EST. The key will be the exact verbiage of their statement. So keep your eyes and ears open on Wednesday afternoon.
The fourth report of the week will come on Thursday, with the reading of 3rd Quarter Productivity. This report is the least significant for the week and will have moderate impact on the markets.
The final and most impacting report for the entire month will come on Friday as many expect the Employment Report to show a rise in unemployment to 9.9% with a loss of of roughly 175,000 jobs.
Home loan shoppers and retirement funds will continue their battle for investment dollars from abroad and here in the US. As-is the par for the course, good economic news will favor the stock market and take money away from mortgage bonds which will result in higher mortgage rates. Conversely, bad economic news will drive investors into the safety of bonds which will help home buyers with lower mortgage rates.
Want to see what other economic reports might impact home buyers in the coming week? Stop by and check out the Financial Market Update Provided to You Exclusively by The Barath Group.
This Is The Week Ahead for November 1st.
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Northwest Indiana Mortgage Planner Facilitating the American Dream through Responsible Mortgage Lending since 1999. Want to Know More? Contact Me!
...was created with the specific purpose to help homeowners achieve their dreams. We lend with integrity, customer centricity and competitiveness. Our product is ADVICE. Our special valued service is a TEAM approach through a growing synergy of influence. Our competitive edge is a qualified staff of Certified Mortgage Planning Specialists. We are trusted mortgage planners to an ever-broadening base of clients nationally.
OUR VISION is to become an industry leader and one of America’s premier mortgage planning companies. We will journey towards greatness with the support of people who care while openly sharing our successes.
Our clients will come to The Barath Group for personal, responsive and attentive service. We want to assure them that we will respect the confidentiality of their private choices. Additionally, our unique philosophy gives us the opportunity to enhance our relationships, to bridge paths, and to offer poignant advice. While most lenders spend their time looking for the "next" client, we spend our time implementing systems designed to nurture our client's aspirations for all of their life successes.
OUR MISSION is to facilitate prosperity, to empower ideal growth and to promote community stewardship. We will achieve these goals collectively by the process of our passionate interconnected outreach.
We pledge to be advocates for our customers. We want to put them at the center of everything we do. We strive to develop Client's for Life by exceeding our client's expectations. We want our clients to be so satisfied that they become Ambassadors to our success. Accordingly, our clients will gladly REFER us to their family, friends, and business associates who are in need of a certified mortgage planning specialist.
We want to be known as LIFE FACILITATORS offering sound financial advice, implementing innovative & highly competitive mortgage strategies and fostering an affinity towards success for all. We also want it known that The Barath Group understands the value of people and that we encourage building deep relationships. In conclusion, we want to totally satisfy our customers' mortgage needs as the gateway to their dreams.
Please visit www.MyBenchmarkMtg.com to learn more about the TEAM and how easy it is to get started.
As a Certified Mortgage Planner, I understand the difficulties facing consumers in today's credit driven market. An individual's credit score has never been more important with all the turmoil surrounding our financial markets.
In order to best prepare a consumer for homeownership, one must start with proper education. For those consumers who already own a home it still may be a good time to seek more knowledge.
Through a serious of seminars, workshops and mastermind groups, we provide education to our clients and the professionals who have impact on the financial well-being of families throughout the community.
These professionals include Certified Public Accountants, Certified Financial Advisors, Estate Planners, Insurance Advisors, and Legal Advisors along with Realtors, small business owners, school districts, etc...
The best way to stay ahead of a financial crisis is to stay in the know through a circle of professionals that are committed to ongoing education in order to provide real options that are current.
Thank you again for allowing my TEAM the opportunity to work with you. As a token of our continued appreciation, I have purchased an ongoing subscription to YOU Magazine on your behalf.
An online magazine that is delivered monthly, YOU addresses topics of interest to you. Contributing authors include such experts as Tony Robbins, Ivan Misner, David Allen, Kiplinger's experts and many, many more.
Still not sure what you will find in YOU Magazine?
Take a few seconds and browse a preview of YOU Magazine as I know that you will want to subscribe. Feel free to pass it along to friends, family and business partners!
As a part of this subscription package, you will receive timely alerts that will keep you apprised of the latest events in the mortgage and real estate industries. This means you will always be ready when a friend or family member has a question about what to do in today's ever-changing market.
Please be in touch if you have any comments on these items, particularly those where you'd like additional information. Thank you again, and I look forward to speaking with you soon.
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