I s su e 13 , Vo lu me 3 / J an u ar y 2 0, 2 012Positive Signs Abound The Week Ahead -> The “Keys”Tim McLaughlin - The FOMC, the State of the Union, and Housing Data Mortgage applications increased 23.1% from one weekearlier, according to data from the Mortgage Bankers Date Economic Release Prediction LastAssociations (MBA) Weekly Mortgage Applications Surveyfor the week ending Jan. 13. The data includes an 1/24 Richmond Fed Manufacturing 5 3adjustment for New Years Day. 1/24 State of the Union Address - - The MBA market composite index increased 23.1% on aseasonally adjusted basis from one week earlier. On an 1/25 MBA Mortgage Applications - 23.1%unadjusted basis, the index increased 38.1% compared with 1/25 House Price Index (MoM) - -0.2%the previous week. 1/25 Pending Home Sales (MoM) 1.0% 7.3%==================== 1/25 Pending Home Sales (YoY) - 6.9% Fewer Americans than forecast filed first time applicationsfor unemployment benefits last week, easing concern that 1/25 FOMC Rate Decision 0.25% 0.25%post-holiday firings were on the rise. 1/26 Chicago Fed Nat Activity - -0.37 Claims plunged by 50,000 to 352,000 in the week ended 1/26 Cap Goods Shipped - -1.0%Jan.14, the lowest level since April 2008, Labor Departmentfigures showed today in Washington. The median forecast of 1/26 Durable Goods Orders 1.8% 3.7%41 economists in a Bloomberg News survey projected384,000. The four-week average, which smoothes out 1/26 ex Transportation 1.0% 0.3%fluctuations, decreased to 379,000 last week from 382,500. 1/26 Cap Goods Orders - -1.2% Companies are slowing the pace of firings and beginning 1/26 Initial Jobless Claims - 352Kto step up the pace of hiring even as a slump in Europespurred by a default crisis may limit U.S. growth. The 1/26 Continuing Claims - 3432Kimprovement may be a sign that companies are looking toexpand their workforces as sales climb. 1/26 BB Consumer Comfort - -47.4==================== 1/26 Leading Indicators 0.7% 0.5% Oil demand is falling for the first time since the 2008-2009 1/26 New Home Sales 320K 315Kglobal financial crisis as a result of a mild winter, high crude 1/26 New Home Sales (MoM) 1.6% 1.6%prices and the European economic crisis, according to freshestimates from the International Energy Agency. 1/26 KC Fed Manufacturing - -4The industrialized nations’ watchdog said oil demanddropped by 300,000 barrels a day in the final quarter of 1/27 GDP (QoQ – Annualized) 3.0% 1.8%2011. Such a fall is rare: over the last decade, oil demandhas posted drops only in the financial crisis of mid-2008 to 1/27 GDP Price Index 2.0% 2.6%mid-2009. The end game on the supply/demand curve is asdemand falls, so, too, should prices. 1/27 Core PCE (QoQ) 0.9% 2.1% 1/27 Personal Consumption 2.3% 1.7%==================== 1/27 U of Michigan Confidence 74.0 74.0 The spring market is around the corner…we can help! Mortgage Access Corp. d/b/a Weichert Financial Services, Executive Offices, 225 Littleton Road, Morris Plains, NJ 07950. 1-800-829-CASH. NMLS Company ID: 2731. Licensed by the NJ Dept of Banking and Insurance. Licensed Mortgage Banker with the State Dept of Banking in NY and CT. Licensed by the Pennsylvania Department of Banking, Mortgage Lender 21042. Licensed Lender in AK, AR, DE, MD, D.C., GA, ME, MI, MN, WI, IA, IL, IN, LA, VT, FL, WV, RI, KY, NC, ID, MS, NE, WY, OK,TN, WA. Licensed by the Virginia State Corporation Commission, License #ML105. Licensed Mortgage Lender in the Commonwealth of Massachusetts. License #ML1713, Certificate #43155. Certificate of Authority to transact business in CO, SC. Registered Mortgage Lender in TX. Licensed with the Financial Institutions Division in New Mexico, License # 01297. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Licensed Mortgage Broker and Lender Ohio. Licensed Loan Broker and Lender Rhode Island. Kansas Licensed Mortgage Company, License #MC.0001229. Licensed by the New Hampshire Banking Department, License # 8714-MB. Licensed Oregon Mortgage Lender License #ML2528. Weichert Financial Services arranges loans with third-party providers. Equal Housing Lender.