Show notes:
TMSpotlight:
11-04-2025 Rates Down Time To “Paint it Black”
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Bonds see a red stat, and they want it painted black. No colors from gurus, Bonds want them to turn black.
With lenders subsidizing mortgage rates, our target of 6.125% was reached, while the 10-year yield touched 3.94%. Our bull target remains the same at 3.80 in the 10-year yield.
The declining chance of a Dec Fed cut, tame tariffs, and fiscal discipline fuel long rates downward after the mild correction ends. A move back to 6.125% in the 30-year mortgage rates will coincide with the 10-year reaching 3.80%.
Bonds have to turn their head.
Until their darkness goes.
These views are mine. Find out who’s painting black at TMSpotlight.com.
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Song: Paint It Black (1966) The Rolling Stones
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”.