Show notes:
TMSpotlight:
11-02-2026 Red World, “Paint It Black”
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Bonds see a red stat, and they want it painted black. No colors from gurus, Bonds want them to turn black.
With desperate lenders subsidizing mortgage rates, 7.25% can fall below 7%, when the 10-year yield closes below 4.90%.
Consequently, the bull target becomes 4.75 in the 10-year yield.
The declining chance of a Dec Fed tightening, tame tariffs, and moderating fuel costs will push long-term rates lower.
A new bull trend will turn a red world into a black world in time for Black Friday.
Bonds have to turn their head.
Until their darkness goes.
These views are mine. Find out who’s painting black at TMSpotlight.com.
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Song: Paint It Black (1966) The Rolling Stones
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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”.