April 22, 2024

04-22-2024 Weekly Mortgage Updates with Adam DeSanctis, Les Parker, Matt Graham, David Kittle, Alice Alvey, Allen Pollack, Bill Corbet, Marc Helm, and David Lykken

48 minutes

Show notes:
TMSpotlight:

04-22-2024 Rattle Rates and Do "The Twist"

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Come on, Jay Powell. Let's do the twist.

Come on, Yellen. Let's do the twist.

Data continue to confound the Fed and Treasury. Easy money and free-spending lead to the pain of persistent inflation. Now, tight money constraints growth and hastens deficits, so rates go around and around.

The key resistance in the 10-year yield remains at 4.71, 4.80, and 5.01. Alternatively, the supports are 4.49, 4.33, and 4.18.

Uncertainty and volatility remain elevated. The bulls need to close below 4.49 to gain momentum to attack 4.33. Otherwise, the bears retain control, but for bearish momentum to rise, 4.71 needs to fall.

Come on, rattle rates, And do the twist.

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Song: The Twist (1958) Chubby Checker cover 1960

Articles:These Home Sellers are done waiting for the Fed to lower rates
Mortgage Lenders view TSPs as Indispensable (but Expensive) Partners
Mortgage execs want more choices, lower costs from tech vendors
Mortgage lenders frustrated as costs of "must-have" tech climb - Fannie Mae

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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”.