Show notes:
TMSpotlight:
12.4.23 Recent Indicators Suggest “A New Day Has Come”
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We’ve been waiting for so long, For Fed tightening to stop.
Since the new bull market began in early November, long-term rates have dropped 50 bps even after modest month-end profit-taking. The bullish fundamental picture appears bright with:
Economic weakening in China,
Deflating prices in Europe,
Softening US Jobs,
High real rates allowing the Fed to ease soon.
The lowering of OPEC production goals emboldens the bulls. With mortgage rates reaching 7.25%, dropping below 7% by Christmas might not take a miracle.
Bask in the sun of a new trend.
A New Day Has Come.
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Song: A New Day Has Come (2002) Céline Dion
https://www.youtube.com/watch?v=NaGLVS5b_ZY
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”.