08-18-2025 “We’re An American Band” Market Sets Rates, Not the Fed.
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Need an American Bang. Need an American Bang. It needs jobs back in town. And beat inflation back down. Need an American Bang.
The world needs an American surge of job-creating growth with high productivity from AI driving down inflation. Aggressive easing will likely raise mortgage rates. The market sets the rates, reflecting the supply and demand for mortgages, not the Fed.
The market building in 150 bps of easing threatens mortgage rates reaching 6%. Weakness in oil and industrial metals reflects the slowdown in global economic activity. Hear the world crying out for an American bang.
Need an American Bang.
These views are mine. See what the world wants at TMSpotlight.com.
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Song: We’re An American Band (1973) Grand Funk Railroad
Les Parker, CMB Managing Director, Transformational Mortgage Solutions
Les Parker is the Managing Director at Transformational Mortgage Solutions Advisory Board Member for Ainsworth Advisors; and has served as the Senior Vice President of Industry Relations and Consulting at LoanLogics, a technology and services provider focused on improving mortgage loan quality, performance, and reliability throughout the loan life-cycle. His responsibilities included managing the company’s life of loan analytics and monitoring capabilities, overseeing consulting services, contributing to the strategic planning team, and communicating with industry leaders to develop and maintain positive relationships. He focused on identifying threats and strategic opportunities. Parker has executive mortgage banking experience in capital markets, servicing, operations, production, and financial management. Parker has served as director of the largest private issuer of CMOS. His educational background covers music, religious studies, mortgage banking, mathematics, and business administration. Parker holds a BBA in Finance, and other degrees, and has held numerous securities licenses. Parker is a Master Certified Mortgage Banker, a designation conferred by the Mortgage Bankers Association. Parker writes, speaks, and provides audio content, Since the late 1980s, he publishes a daily newsletter connecting global macroeconomics to the US interest rate movement.