Show notes:
TMSpotlight:
08-19-2024 Lags Happen, So “Knockin’ On Heavens Door”
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Job’s long black cloud is comin’ down. Bulls are Knockin’ On Rally’s Door.
Will recession odds rise faster than falling inflation expectations? The bond market expects the Fed will ease multiple times before Dec 31. Yet, uncertainty abounds from global political and economic tensions. Bonds price forward three years, while the short end anticipates three months.
So, the short end will drop further as eases happen. But, the long end will lag, and MBS will continue to lag regardless.
Knock, knock, rally on Heaven’s door.
Knock, knock, knockin’ on Heaven’s door.
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Song: Knockin’ On Heaven’s Door (1973) Bob Dylan
https://www.youtube.com/watch?v=O-sVpVIovKk
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”.