- Housing News
- March 24, 2017
Hitting the Pause Button
For rates to drop a few things would need to happen, but the big two are inflation and jobs. See what's in store!
Jason has 23 years of executive experience and expertise in the mortgage industry, developing and managing Capital Markets for financial institutions. He's held positions as Chief Investment Officer, EVP Capital Markets, EVP Financial Strategies and other similar roles for Kinecta Federal Credit Union, Countrywide/Bank of America and New American Funding.
Currently, he is responsible for managing pricing, trading, hedging, investor relationships, warehouse financing, MSR management, liquidity, etc. Jason also authors the Housing Market Update, a regular feature on the New American Funding blog which gives depth and perspective to today's economic news. Jason attended the University of California where he received a BA in Economics and is a member of several prominent mortgage industry trade organizations.
For rates to drop a few things would need to happen, but the big two are inflation and jobs. See what's in store!
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The case for rates staying relatively low is somewhat backward facing but here are the main points to consider.
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Today the FOMC raised the benchmark interest rate by 25bps to the range of 0.50 to 0.75%. This was widely anticipated and the decision by the committee was unanimous.
Jason had the unique fortune to be in London shortly after the Brexit vote just a few weeks ago and talked to a few Brits about their opinions on Brexit itself.
With the shocking pace at which mortgage rates have continued to fall, Freddie Mac has been in the spotlight quite a bit this past January.
It doesn't take a rocket scientist to realize that 2016 is starting almost identically to 2015.
Jason Obradovich, EVP Capital Markets, walks you through the effect of the Fed rate hike on mortgage rates.
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