Retail sales and inflation news hit the wires.
|In This Issue|
Last Week in Review: Retail sales and inflation news hit the wires.
Forecast for the Week: Look for important housing and manufacturing reports in the middle of the week. Plus, the Fed meets!
View: Time is money, so make your calendar work for you. Check out the simple tips below.
|Last Week in Review|
"And now... the rest of the story." Paul Harvey. With his famous line, Paul Harvey pointed out for years that there's more to every story--and often those hidden details influence what happened. Read on to learn the big stories from last week, and the important details to note.
There was good news last week as retail sales increased 1.1% in February, up from 0.2% in January. This marked the biggest gain in the retail sales number in five months. In addition, the National Federation of Independent Businesses (NFIB) reported that its small-business confidence index inched higher in February. However, it is important to note that the NFIB's confidence index is still historically low and is below the lowest trough of the 1991-92 and 2001-02 recessions. The NFIB cited slow sales as the main problem. Inflation was another key story to note from last week. The Producer Price Index met expectations, showing that inflation at the wholesale level remains tame. However, the Consumer Price Index rose by 0.7% in February, coming in above the 0.5% expected. This was also a spike higher from the recent negative and flat numbers. However, inflation continues to remain within the Fed's target range. What does all of this mean for home loan rates? Good economic reports like the Retail Sales Report means investors are continuing to move money out of Bonds and into riskier assets like Stocks, to try to take advantage of gains. However, the Fed continues purchasing $85 billion in Bonds every month as part of their Bond purchase program known as Quantitative Easing. And the uncertainty in Europe continues, meaning some investors will likely continue their safe haven trade into our Bond Market. Overall, this should help keep Mortgage Bonds--and therefore home loan rates, which are tied to Mortgage Bonds--near record best levels. The bottom line is home loan rates remain near historic lows, meaning now is a great time to consider a home purchase or refinance. Let me know if I can answer any questions at all for you or your clients.
|Forecast for the Week|
|The Mortgage Market Guide View...|
|Make the Most of Your Calendar It's been said that time is money, and time is indeed a precious commodity. Here are some great tips for using the recurring event function in your calendar so that you can make time work for you. Daily Social Media Activity. The best time to post on Facebook and Twitter is right around lunchtime on weekdays. That doesn't mean you have to write the posts at the same time every day. Create a calendar reminder in the morning when your head is clear and write your posts, then just use the scheduling feature for proper timing (on Facebook it's the little clock icon next to the "Post" button, on Twitter you can use TweetDeck, or to handle both at once try HootSuite.) Daily/Weekly Staff Meetings. If you aren't meeting with your staff on a regular basis you're missing vital gaps in your service or losing out on critical opportunities to grow your business. Brief, scheduled communications are the answer! Weekly/Monthly Networking. If you haven't been to a networking event in a while then schedule a few. In fact, make these functions a recurring event in your calendar. That way, people get used to seeing your face on a regular basis--just showing up is often the only icebreaker you need. Thank You Notes. Schedule a recurring time every week in your calendar to write thank you notes to clients or referral partners you've worked with recently. Even taking fifteen minutes to write two or three letters a week can make a big difference over time. Annual Events. Hosting an appreciation party or annual reviews for your clients, referral partners or colleagues is a great way to deepen your connection with them. Start using these simple tips today and be sure to pass them along to your referral partners and colleagues. Economic Calendar for the Week of March 18 - March 22|
If you find this helpful please let us know, just leave us a comment review. Just click Give A Review.
A simple Thank You message means a lot to us.
Christian Penner, Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 15 years with his Home Loan Lending Needs and Works with FEMBI Mortgage in Jupiter. You Can Also Find Him On Facebook at: http://Facebook.com/YourMortgageBanker <-- ADD Me and Like My Page for more of this.