Show notes:
TMSpotlight:
10-28-2024 The Great "Hello Walls" of China
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Hello, Walls. (hello) How'd rates go for Bears today?
The Bond bears continued to ride the speculation that China will meet stimulus expectations. What happens when it misses?
When China's package falls woefully short, expect a significant short cover rally in US Treasuries, with mortgage rates reaching 6% by year's end. The inflation outlook will improve if the US elects pro-growth and supply-side policies. However, the driver to reverse the recent rate rise comes from China's woes.
I gotta feelin' China's gone a long, long time.
Song: Hello Walls (1961)
https://www.youtube.com/watch?v=7Iq0_ub_aHM Faron Young Classic country
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”.