Show notes:
TMSpotlight:
08-12-2024 “Always Crashing in the Same Car” Into The Bear Wall
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The market’s going ’round and ’round the DATA garage
Must have been getting close to 3.44.
The struggling Dollar and Gold’s sustained bullishness point to calamity ahead. Meanwhile, Crude Oil and Bonds do not expect WW3 within the next two weeks.
After the 10-year T-Note yield reached 3.67 and corrected to 4.02, expect the correction to stay under 4.18 and probably 4.08. The bulls should reach 3.44, sending mortgage rates below 6%. But will they crash into the bear wall again?
Ah (singer only), bulls are Always Crashing In The Same Car.
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Song: Always Crashing in the Same Car (1977) David Bowie
https://www.youtube.com/watch?v=hv7Y7F-Q2KE
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”.