Show notes:
TMSpotlight:
09-15-2025 Is The Fed An “Elevator Operator?”
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Don’t jump bullish bonds, don’t jump off that roof.
You’ve got lower yields ahead of you; you’re still in your youth.
Bears give anything to have gains like you.
Is the mortgage market an elevator going up or down?
With the 10-year yield breaching at 4%, what occurs next: 4.20 or 3.80? Economic news continues to provide a plethora of bullish and bearish inflation and growth indicators, but bulls have the edge.
To go significantly below 3.80 requires an accelerated decline in Europe, surprisingly negative data from China, or the US showing significantly weaker inflation and growth.
Jay said, “All I ever wanted to be was an elevator operator. Can you help me, please?”
These views are mine. Fans Don’t Jump at TMSpotlight.
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Song: Elevator Operator (2015) Courtney Barnett
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”.