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Podcast: Lykken on Lending
Episode: Affordability Remains an Obstacle and Servicing values will Drop, it's a "Ball of Confusion" - TMSpotlight by Les Parker
Description: 06-24-2024 Affordability Remains an Obstacle and Servicing values will Drop, it's a "Ball of Confusion"-----------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....