- Housing News
- December 21, 2016
Maximum Employment and 2% Inflation
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 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.
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.