Show notes:
TMSpotlight:
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
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”.