02-24-2025 “When You’re Smiling” Mortgages Rates Could Fall 25 bps
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When you’re smiling. With rates smiling. The loan app comes to you.
With the Fed on the sideline and economic news trending towards weakness, Bonds smile while the short end frowns. Despite the Treasury coupon curve containing bulls and bears, time is on the bulls’ side.
Global inflation indicators are mixed but expect financial markets to focus on deflation flowing from China and Europe clinging to disinflation. Also, the weakness in the Dollar and Oil support mortgage rates falling 25 bps soon.
‘Cause with rates falling, The whole world smiles with you.
These views are mine. Keep smiling at TMSpotlight.com.
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Song: When You’re Smiling (1928)
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities. Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.