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About Jason Obradovich

Jason Obradovich

Jason Obradovich

CIO, New American Funding

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.

Jason Obradovich Articles

mortgage rundown

Market Update: July 27, 2018

You probably noticed there has been very little interest-rate volatility recently. In fact, the tight range on the 10-year Treasury in June was the smallest it's been in several years.

mortgage rundown

Market Update: July 12, 2018

Last week was the ever-important payroll report which showed 213k jobs added in June versus the 195k that was expected. A very positive sign but the more interesting piece of data was the unemployment rate which surprisingly went up from 3.8% to 4.0%. This was largely a result of a growing labor force, as the labor force participation rate also went up 0.2%.

mortgage rundown

Market Update: June 21, 2018

Last week was another FOMC meeting where they raised the Fed Funds rate to the range of 1.75 to 2.0%, in what was a widely anticipated move. The attention now shifts to the meeting in September with the market pricing in an 81% chance of the Fed moving rates for a third time this year. Also, there is now a 50% chance the Fed will raise rates a fourth time in December.

mortgage rundown

Market Update: June 7, 2018

If you've been following the market you've likely noticed that the 10-year Treasury is back down below 3%. When it seemed like nothing would stop the 10-year from rising to 3¼%, fears in Europe, mainly Italy caused a rush to safety. Right now the 10-year is trading right around 2.95% in a new range between 2.8 and 3.1%.

mortgage rundown

Market Update: May 24, 2018

The 10-year finally broke through the key 3.03% resistance level and traded all the way up to 3.11%. While it looked like the 10-year was going to continue its climb closer to 3.20%, there have been some international growth concerns that have the 10yr back down to 3.01% currently.

mortgage rundown

Market Update: May 10, 2018

The FOMC meeting came and went last week with little change in the Fed’s stance of 3-4 interest rate increases for 2018. If anything the Fed was slightly more dovish in their tone when they stated it’s possible they could slightly overshoot their inflation target of 2%. The translation of that means that perhaps there will only be three interest rate increases this year.

mortgage rundown

Market Update: April 12, 2018

Today we are going to talk about what’s happening in the capital markets. On March 21st the Federal Reserve met and raised the benchmark rate by 25 basis points. Now what you may not have noticed or expected is that longer term interest rates actually came down since the meeting.

mortgage rundown

Market Update: March 28, 2018

Today we are going to talk about what's happening in the capital markets. No doubt by now you are aware that the Federal Reserve met last week and raised the benchmark rate 25bps.

mortgage rundown

Market Update: March 15, 2018

Today we are going to talk once again about what's happening with interest rates. Recall from mid-December to mid-February, the 10 year Treasury rose from 2.35% all the way up to 2.95%. Now in the last month it's down somewhat to around 2.85% while the market takes a little bit of a breather.

mortgage rundown

Market Update: February 8, 2018

As you've seen over the past month interest rates have gone up over 40bps and there has been a lot of volatility in the stock market as well. It might feel like there is no end to the rise in interest rates as they are now up almost 75bps since July.