Show notes:
TMSpotlight:
9.4.23 Decelerating US Economy, “War Pigs” Want Mayhem!
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Yield curve’s short end hides itself away. Fed only started the war.
Despite the bearish trend, the Fed is stuck with one more tightening, if they dare. The Bond Bears move with no momentum or conviction.
Each round of data adds more weight to a decelerating US economy. Ironically, the bears root for global growth that drives rates higher, hurting homebuyers. Conversely, the bulls want economic mayhem that helps consumers buy homes. So, get ready for a new trend.
Wait till BEAR’s judgment day comes, yeah!
Song: War Pigs (1970) Black Sabbath
https://www.youtube.com/watch?v=bc5Nk1DXyEY
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”.