12-09-2024 "Around The World" Expect The 6's
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Around the 6s, around the 6s.
Around the 6s, around the 6s.
Last week, Dave Lykken replayed our June 24 forecast that you should see the 30-year mortgage rate reach 6% by the end of the year, which was above 7%. It reached 6.11 in September.
The trend to lower mortgage rates should reach 6.375 by New Year’s Eve. Expect US economic optimism and imagined fiscal discipline to sustain the Dollar and low Oil prices through January. So, the 30-year at 6% looks likely. Get used to 6s in 2025 and a wide range from 5.9 to 7.40.
Around the 6s, around the 6s.
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Song: Around the World (1997) Daft Punk
"Around the World" is a song by French electronic music duo Daft Punk. The song's lyrics solely consist of the words "around the world", repeated on a loop 144 times in the album version and 80 times in the radio edit.
https://en.wikipedia.org/wiki/Around_the_World_(Daft_Punk_song)
https://www.youtube.com/watch?v=K0HSD_i2DvA
Les Parker, CMB Managing Director, Transformational Mortgage Solutions
Les Parker, CMB Managing Director, Transformational Mortgage Solutions
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities.
Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.