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Last Week in Review: Rates touch 2019 highs this week
Forecast for the Week: Fed Meeting and Jobs Report on tap
View: Learn how to create a healthy work-life balance
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Despite bond friendly news with the unresolved US/China trade relations and the ongoing government shutdown, rates actually touched 2019 highs midweek...this as stocks continue to move higher.
Home loan rates have been on the rise ever since the last Jobs Report and Fed Speech back on Friday, Jan 4th -- next week we are seeing another Jobs Report and Fed Meeting...more on those big events below.
The Housing market showed a surprising decline in Existing Home Sales in December. Despite the poor reading to finish the year, 2019 is setting up to be a good year. Historically low home rates, a slowing rate of home price increases along with the highest wage gains in a decade will see to that.
If you or someone you know has questions about home loans, give me a call. I'd be happy to help.
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Boom! This could be a very important week for the financial markets and home loan rates.
The FOMC (Fed) meeting kicks off on Tuesday and ends Wednesday with the 2:00 p.m. ET release of the monetary policy statement. The Fed will not hike the short-term Fed Funds Rate, but what they say in the statement could influence the next directional move for home loan rates.
The last time the Fed spoke back on January 4th, Stocks and rates both moved higher and have been doing so ever since. Those shopping for a home would be wise to follow what the Fed says on Wednesday.
Another very real threat to rates will be the January ADP Private Payrolls Report and Jobs Report. The last Jobs Report was a spectacular reading and home loan rates moved higher as a result.
Throw in a whopping $113 billion in new Bond supply from the Treasury along with the heart of corporate earnings season and it sets the markets up for a very important week for rates...
Reports to watch:
- Housing data will come from Tuesday's S&P Case-Shiller Home Price Index followed by Pending Home Sales on Wednesday.
- Consumer Confidence will be delivered on Tuesday with Consumer Sentiment on Friday.
- Manufacturing data comes from Thursday's Chicago PMI and Friday's ISM National Manufacturing Index.
- Key labor market data will be released on Wednesday with ADP Private Payrolls and Friday's government Jobs Report.
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Tip: How to Find a Healthy Work-Life Balance
As technology helps us become even more connected, the push for a work-life balance continues to grow, and it's easy to see why. Having the right work-life balance can reduce stress. Not only does this help prevent burnout on the job, but it also cuts down on common health issues that result from chronic stress, such as digestive troubles, anxiety, hypertension, heart problems, and insomnia. If you're interested in finding a healthy work-life balance at work and home, the following tips can help.
- Set Goals. When you get to work, make a list of what you want to accomplish that day. Put the most important projects on top, so you can concentrate on them. Research shows that when you have more control over your work, you feel less stressed. Setting goals helps you maintain that control.
- Learn How to Say No. You don't have to accept every request that comes your way in your work and personal life. Take a look at your schedule and decide what you truly have time to accomplish. If you simply can't take on a PTA position or serve on another committee at work, you can politely decline.
- Unplug. The same technology that makes it easier for you to do your job can also cause you more stress. When you get home, make sure you respect your private time by turning off your phone and laptop.
Finding the right work-life balance is important for your job and your personal life. If you feel like stress from work is taking over your life, try implementing a few of these tips.
Sources: Forbes, Mental Health America
Economic Calendar for the Week of January 28 - February 1
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
| Tue. January 29 |
09:00
| S&P/Case-Shiller Home Price Index |
Nov
|
NA
|
|
5.0%
|
Moderate
|
| Tue. January 29 |
10:00
| Consumer Confidence |
Jan
|
NA
|
|
128.1
|
Moderate
|
| Wed. January 30 |
8:15
| ADP National Employment Report |
Jan
|
NA
|
|
271K
|
HIGH
|
| Wed. January 30 |
10:00
| Pending Home Sales |
Dec
|
NA
|
|
-0.7%
|
Moderate
|
| Wed. January 30 |
14:00
| FOMC Meeting |
Jan
|
Unch
|
|
2.50%
|
HIGH
|
| Thu. January 31 |
08:30
| Personal Income |
Dec
|
NA
|
|
0.2%
|
Moderate
|
| Thu. January 31 |
09:45
| Chicago PMI |
Jan
|
NA
|
|
65.4
|
Moderate
|
| Thu. January 31 |
08:30
| Personal Spending |
Dec
|
NA
|
|
0.4%
|
Moderate
|
| Thu. January 31 |
08:30
| Employment Cost Index (ECI) |
Q4
|
NA
|
|
0.8%
|
HIGH
|
| Thu. January 31 |
08:30
| Jobless Claims (Initial) |
1/26
|
NA
|
|
NA
|
Moderate
|
| Fri. February 1 |
08:30
| Unemployment Rate |
Dec
|
NA
|
|
3.9%
|
HIGH
|
| Fri. February 1 |
08:30
| Non-farm Payrolls |
Dec
|
NA
|
|
312K
|
HIGH
|
| Fri. February 1 |
08:30
| Average Work Week |
Dec
|
NA
|
|
34.5
|
HIGH
|
| Fri. February 1 |
10:00
| Consumer Sentiment Index (UoM) |
Jan
|
NA
|
|
90.7
|
Moderate
|
| Fri. February 1 |
08:30
| Hourly Earnings |
Dec
|
NA
|
|
0.4%
|
HIGH
|
|
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The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. 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, there is no guarantee it is without errors.
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