11.27.23 Uncertainty’s Pickett Fence of Obstacles “In the Midnight Hour”
Notes gonna wait till the midnight hour. That’s when their yields come tumbling downForeign markets and midnight meetings impact mortgage rates. Gold tells us that uncertainty is rising from OPEC’s supply adjustments, China’s exporting of deflation, Japan’s attempt to exit model land for real prices and rates, and US’s wild fiscal irresponsibility,
As a result, the new narrative of slowing growth, declining inflation, and the Fed with no options keep the Bulls bullish and the Bears fighting for relevance.https://www.youtube.com/watch?v=FGVGFfj7POAIn the midnight hour. Yeah, you will, pay it for it sometime. In the Midnight Hour (1965) Wilson Pickett
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”.