Where R Rates / MBS Market Update

MBS UPDATE

Last week was a big week for reports and news and Fed Meetings. We came through it pretty much unchanged from Monday open to Friday close. Where you started the week is where we will start this week as well. This is not necessarily a bad thing. 

As we start this morning we are in the green in some areas of the rate sheet as the markets prepare for jobs week with reports coming in. No reports have come out as of yet this morning so the markets are pre-trading what they believe will happen.

This week will have some important reports coming out that can change markets. The labor and jobs market is a big part of our economy and impacts our markets if expectations do not meet reality.

Today we have Global PMI (Purchase Managers Index). This is a report from 40 different economies across the globe. It releases information like GDP, Inflation, Exports and Employment for these other countries. This is important as our market is a global market. These results can drive investors to or from our securities.

Tomorrow we have JOLTS (Job Openings and Labor Turnover Survey). This tells us what the job market looks like from unfilled positions with the job openings and how many are quitting as well. It defines the job shortage status in the country. The report takes a sampling of 21K businesses across all 50 states to get an indicator of what is available out there. If job openings are on short supply that is not good for economy so it can impact our markets.

Wednesday is ADP job report, Thursday is jobless claims and productivity and Friday is all about unemployment, non-farm payrolls, hourly earnings going up or down and consumer sentiment. 

You could say we have a big jobs week for sure.

Stay tuned to see what happens this week!

GREEN is GOOD for Rates – RED is BAD for Rates

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Jackism of the Day

SOMETHING THAT WILL CHANGE YOUR LIFE

On the first business day of each month I send out an encouragement to make sure you take the time to see what went right, what went wrong and what needs to change in your life.

This month I am not sending my normal challenge. I personally started a new challenge that I began the day after Christmas. I have always tracked my behaviors and my disciplines and things in life that I want to grow and get better at.

Last month I took it to a whole nutha level : ) 

I seriously doubt many will do what I do to the same extent but I challenge you to try this to any extent to help you see why you get the results that you get month in and month out.

My new year disciplines this year were pretty much the same as last year but I really honed in on what do I need to do in order to live the abundant life that I desire to live. What truly brings me joy in life that without doing these behaviors I would not experience what I truly desire to experience.

Now fair warning. What I track and what you track should be what YOU DO! Not what you want someone else to do. If your a manager then of course do your business tracking. What I am talking about today is every area of your life that you find value and desire abundant living whatever that may look like to you.

Like I said. You do not need to be me. Just think of what this looks like for you. I personally track 46 different behaviors every single day. I use a spreadsheet and I absolutely LOVE IT! Getting to put a number in each of those boxes everyday allows me to accomplish everything I desire to do in every area of my life. And when I don’t then I know I have to put a 0 or whatever in that spot. It takes me next to no time per day due to I mark things off as I go through my day.

It’s a simple spreadsheet. Column A is the day of the week. Column B is the date (number) of the month. Then column C through AV is all of the behaviors listed. At the bottom of each column for the month is either a total or an average depending on what I am tracking. I then go in to the new month and start over again. I tally my monthly but then I also tally my year to date and compare how I did last month to this month to encourage me for next month. It’s not difficult to set up. A little time needed for initial set up.

So, what do I track? I have no issues sharing it with you. Each section of my spreadsheet is color coded so I can easily see the transitions Remember these are just behaviors I do to be the person I desire to be and it absolutely keeps me energized and excited all throughout the day as I mark them off. I do 7 days a week, you can do whatever you like. Not all items are checked off daily. Most are but some I do not want to do nor try to do daily and on those days they get a 0 which is fine.

HERE ARE THE BEHAVIORS FOR ME PERSONALLY
MORNING QUIET TIME
Prayer, reading scripture, read 1 section of a book, do reframe app (10 months alcohol free!).

RELATIONSHIPS (WIFE AND FAMILY)
Write Misty (my wife) morning love letter, Give Misty a hug when she first wakes, Devotion & Prayer time with Misty, buy Misty fresh flowers, love making : ) , Conv w Alison (Daughter), Conv w Jacob (Son), Conv w mom, Conv w Sheri (Sister), Conv w Mark (Brother). Days on journey (Misty and I travel days – Usually camping).

HEALTH AND EXERCISE
Morning weight, # of steps, Time spent exercising (actually working out), type exercise completed, Miles jogged, Calories burned, # 0f meals that were not healthy.

HOBBIES
Number of minutes practicing guitar, Amount of time spent on HOA President duties. Amount of money spent outside of allocated budget items.

BUSINESS BEHAVIORS
Write Jackism, Write Guideline DYK, Write MBS Update, # of submission holds I send out, Lock expiration send outs, Post-Closing send outs, Funded loans follow up, Registration call outs, loan status update callouts, U D Man replies (Responses from clients who felt they received exceptional service), Product & Process marketing pieces, Time spent creating marketing content, My 60 day pipeline total, My total in Post-Closing not funded yet, # of loans funded and amount per broker and correspondent. # of loans registered and volume.

When I do all of these things well life really makes sense for me. If it is not on this list then it is not a priority for me. All of these come before distractions and things that I do not want as part of my life.

We are only given one life to live. As I love to say one of the best things in life you can do is write your eulogy now. What do you want to be said at your funeral about the person you were and the life that you lived.

I guarantee you if you do not know what you did or where you are going you will live your life. You just won’t be living the one you were destined and created to live.

Yes, mine is extreme because I love doing it. The best thing you can do is to realize in life there are areas that you likely want to be better in. The best way to get the answer as to why is to track what you do so you can see the holes of where you need to be better.

Remember, the only items on this list are the items that you want or need to do in order to be the man or woman you actually want to be. If you are forcing yourself to be something your not then you truly are just wasting your time. If you are forcing yourself to do what it takes to be the man or woman you desire to be then you are doing it for the right reason.