6.5.23 “Song Sung Blue” June Starts the Summer Heat
Song sung blue, every trader knows one. Some snub clues; every datum grows one.
After the 10 yr yield dropped to 3.57, our target area, the Jobs report gave traders a reason to establish a near-term trading range between 3.55 – 3.80.
But, with global recession concerns intensifying, anticipate a vengeful return of the Bond bulls as summer heats up. Even with the 10 yr falling to 2.5 refis will remain beached.
And before you know it, get to selling good
June’s simply got no choice.
Song: Song Sung Blue (1972) Neil Diamond
Alice Alvey’s report:
Link to Fannie Mae/Freddie Mac Credit Score and Credit Report Initiative Playbook. There is a lender survey link on Page 6’ Surveys must be completed by June 11th.
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”.