06-24-2024 Affordability Remains an Obstacle and Servicing values will Drop, it's a "Ball of Confusion"

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People selling out, people buying in because of the color of their screens.

With the Fed listening to Bonds and data, look for 30-year mortgage rates to stay below 7.75 and reach 6% by yearend while the 10-yield falls below 3.50.

Stop break dancing. It will be without significant increases in production because affordability remains a significant obstacle. Additionally, due to delinquency costs and faster prepayment speeds, servicing values will drop significantly.

Oh, Great Jerome Powell

Can't ya hear Bonds talking to ya?

Data of confusion

Segmentation, disinflation, pro-inflation; obligation to the datum

That's what the world is today

Ooh, hey, hey

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Song: Ball of Confusion (1970)

The Temptations