Mortgage Rundown Jan 27th 2017

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=iAnDwn60Mys

Jason Obradovich, EVP Capital Markets at New American Funding, talks about the latest information on how the inauguration might affect the stock market which in turn could affect the mortgage industry. Watch now! • Web: http://www.NewAmericanFunding.com • Blog/Press: http://www.newamericanagent.com/news-... • Careers: http://www.newamericanfunding.com/car... • Partners: http://newamericanpartner.com/ • Facebook: / newamericanfunding • Twitter: / newamericanteam • LinkedIn: / new-american-funding • Pinterest: / newamericanteam • For additional state licensing: https://www.newamericanfunding.com/le... • ---- • Hello everyone, I’m Jason Obradovich, Executive Vice President of Capital Markets with New American Funding. • Today we're going to talk about 3 things: Inauguration, Inauguration, and inauguration. The new administration is all the market is talking about. They are shaking up the snow globe and making several big and bold moves with regard to executive orders and talk of new legislation all centered around protectionism. More American jobs, more American manufacturing, exit from trade deals such as TPP and increased national security. • The buzz around these changes have pushed the stock market to new records with the Dow over 20,000. The 10yr on the other hand is now trading at 2.53% versus 1.36% in July. Almost double from 6 months ago. • The question remains is what the net impact will be on the economy. In the short term there needs to be legislative changes to hold the market at these levels. The buzz is out there and they will need to follow it up with action. If the pro-growth legislative changes go through, it could raise GDP which would in turn raise interest rates. But that could take time so expect some volatility in the short term as all of these gets sorted out. • In terms of mortgage rates, the greater risk is that they can move higher in the absence of certainly. But if tax reform doesn’t come quickly and instead the focus is on health care or other legislation that is not pro-growth, we could see a reversal. • Thanks for tuning in. I’m Jason Obradovich. Have a great day.

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