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?https://www.youtube.com/watch?v=04mfKJWDSzIAre bulls looking out on the curve for a Christmas dream? ——————————- Song: On Melancholy Hill (2010) Gorillaz Genre: Synth-pop, new wave, bubblegum pop
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”.