6.26.23 The Markets Prepare for “The Launch”
Get Ready for Shocks
Hints of stimulus in China caused Oil producing states to cut production and prepare for a global slump. As a result, the 10 yr yield slipped from 3.80.
Get Ready for Lull
Near-term markets struggle with views on yield curves, currencies, and recessions resulting in erratic range trading.
Get Ready for Launch
Before year’s end, plan for a 2.5% 10 yr yield and 30 yr conventional rates to touch 5.75. But don’t plan for a massive bump in volume.
Song: The Launch (1999) DJ Dean
“The Launch” is a song by Dutch disc jockey DJ Jean, produced by Jean and Klubbheads. The vocals are performed by Natasja Morales.
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”.