7.24.23 Opposing Traffic Causes “Space Truckin” Congestion
Well, we had a lot of luck with Bull Trends
We always had a ball with Bears.
We’re trading all the crazy curves. Is the Fed sending us to the MURKY Way.
Recently two-way mechanical trading reduced the price market-makers charge to hedge, which brought order to mortgage pricing.
Global economic and political forces drive two opposite rate narratives. But, near term the world believes Fed policy is one more and done, and Powell fights it.
So, he dances around the One & Last
He’s Space Truckin’ everyday
Song: Space Truckin’ (1972) Deep Purple
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”.