Lykken on Lending

05-06-2024 Bad Data is “Criminal”
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The data hustle, they’re no good at all.

Moves like a loser, they are mixed, up, down, done.

Dripping Oil, softening Gold, and cooling Copper lifted the short-end’s hope that the Fed will ease this year. Friday’s Jobs report helped.

Additionally, the Fed’s significant slowing of QT in June lowers liquidity risks and confirms that it understands the problems with restrictive policy, high-priced consumer debt, and elevated real rates.

With the YTD 10-year yield range being 3.81 to 4.74, expect surprises to take the yield beyond 5% and below 3.5% this year.

But Powell, Bears found love with a criminal. And bad data love isn’t rational. It’s physical.

Song: Criminal (2011) Britany Spears
https://www.youtube.com/watch?v=MEi47lmUjWs

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”.