Show notes:
TMSpotlight:
06-17-2024 Bond “Barracuda”
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Bears, this is the end; Bulls rise up again – to reign
They had to take the trend away.
Bond barracuda kept the Fed in line, resulting in a new bull market.
Long-term, look for the 10-year yield to stay below 5% and mortgage rates below 7.75. Imagine a sub-6% 30-year mortgage rate by yearend and the 10-yield falling below 3.50. Global political and financial uncertainty continues to pressure the Fed to keep the system liquid. This outlook is:
Inflation’s gonna burn, burn, burn to the wick. Bond Barracuda
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Song: Barracuda (1977) Heart
https://www.youtube.com/watch?v=PeMvMNpvB5M
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”.