12-18-2023 Weekly Mortgage Updates with Adam DeSanctis, Les Parker, Matt Graham, David Kittle, Alice Alvey, Allen Pollack, Marc Helm, and David Lykken

Show notes:

TMSpotlight:

12.18.23 Mortgage Rates "Winds of Change" Give Renters Hope To Buy
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We follow the rate drop and down to Reno Mark Listening to the wind - of change.

Mortgages reached our target of 7% because the Fed acknowledged the need to reduce its policy restraint, and the radical climate agenda failed at COP28.

Near term, without any fresh data to feed the feeding frenzy, look for a correction to 7% mortgage rates that hit 6 5/8. In 2024, expect a drop to 5.5 depending on deflation exported from China. The big change in rates gives hope to renters to buy.

Where homebuyers of tomorrow dream away (dream away) in the Wind Of Change.
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Song: Wind Of Change (1990) Scorpions
https://www.youtube.com/watch?v=n4RjJKxsamQ

The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update, followed by David Kittle, Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. Finally, we wrap up the first half of the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.