01-06-2026 Patience in 2026 Because “Tomorrow is a Long Time”
—————-
If tomorrow wasn’t such a long time, then range trading would mean nothing to us at all.
Significant political and economic events in 2026 will affect US credit markets. Yet, expect the 10-year yield to remain between 3.70 and 5.00. Mortgage lenders should be satisfied with mortgage rates between 5.8 and 7.20.
The most considerable risk to a significant rise in mortgage rates should come from a grand bargain on national healthcare. Alternatively, the emerging US Goldilocks’ economy has rising wages, GDP above 3%, and inflation trending towards 2%.
And we’d trust in low rates once again
These views are mine. Find patience in 2026 at TMSpotlight.com.
—————-
Song: “Tomorrow Is a Long Time” (1963). Bob Dylan recorded it in 1963 during a live performance, but did not release it until a greatest-hits album in 1971.
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.