Show notes:
TMSpotlight:
02-17-2025 “Spinning Wheels” Ride a Fading Rate Trend
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What goes up must come down. Spinnin’ wheel Bonds go around.
An axiom is not always a truism. Yet, last week, rates rose and fell symmetrically for good reasons. CPI came in hot, and Crude Oil turned cold.
Long-term inflation drives long-term rates, and Oil remained bearish fundamentally and technically. 2 to 30-year Treasury yields contain bulls and bears, but do not be surprised to see the 10-year fall to 4.20 as Oil falls below $70 a barrel.
Ride a fading rate trend. Let the spinnin’ wheel fly.
These views are mine. Know what’s up at TMSpotlight.com.
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Song: Spinning Wheels (1969) Blood, Sweat & Tears
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”.