Show notes:
TMSpotlight:
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Bonds continued to show their disapproval of the Fed’s not tightening. Alternatively, the short end acknowledged the Fed’s magical mystery tour creates less hawkishness. So, the curve steepened.
Expect an Iranian deal to restore the path to free-flowing oil, pushing down Oil prices and Bond yields. Regardless, the 10-yr yield remains stuck between 4.80 and 4.20.
Rates GO up. These views are mine. Fed’s new mystery tour. Join TMSpotlight. You got everything you need. Satisfaction guaranteed.
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Song: Magical Mystery Tour (1967) The Beatles
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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”.