Show notes:
TMSpotlight:
8.07.23 “On Melancholy Hill” May Lower Mortgage Rates——————————Up on Melancholy Hill, There’s a data tree. Are they here for bears or bulls?The curve believes that the Fed’s restrictive policy will constrain growth and choke off inflation. Interpreted data drive rates and yield spreads.As a result, Friday’s Job report gives the Bulls a reason to reverse the bear trend this month and then focus on getting 30 yr mortgage rates back below 6%.It takes more data for bulls to reach nirvana, but do I hear sleighbells?Are bulls looking out on the curve for a Christmas dream?——————————-Song: On Melancholy Hill (2010) GorillazGenre: Synth-pop, new wave, bubblegum pophttps://www.youtube.com/watch?v=04mfKJWDSzI
David Kittle talked about the below link:
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”.