mortgage simple definition: Mortgage Rundown: January 10, 2019

Mortgage Rundown: January 10, 2019

Mortgage Rundown: January 10, 2019. REDEMPTION OF MORTGAGE II SECTION 91 II TRANSFER OF PROPERTY ACT, 1882 II 9818050252

Mortgage Rundown: January 10, 2019 video duration 2 Minute(s) 42 Second(s), published by New American Funding on 10 01 2019 - 18:35:41.

Jason Obradovich, EVP of Capital Markets for New American Funding, is back with today's Mortgage Rundown
We've all noticed how unpredictable the market in this video i have tried to explain various types of mortgage in very simple language.

Different types of mortgage loans Mortgage Home Loan MYTHS 2019 Top 5 Mortgage Myths When Buying a Home Mortgage loan officer Rich Conlon shares the top five home loan myths that concept of Mortgage https://www.youtube.com/watch?v=8c-nP7xILB8 TYPES OF MORTGAGE https://www.youtube.com/watch?v=FxmH0_fpDaU Section 91 .

Jason Obradovich, EVP of Capital Markets for New American Funding, is back with today's Mortgage Rundown. We've all noticed how unpredictable the market has been in recent weeks. Questions of late 2018 are still lingering into the new year. Can the economy continue to move higher in the face of higher interest rates? What exactly does the future hold for the market? Watch now to learn in detail what is happening in the capital markets, and what to look out for in the coming weeks.

To read more on Jason’s Market Update click here: http://www.newamericanagent.com/mortgage-rundown-january-10-2019

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Hello everyone and welcome back to the Mortgage Rundown.

Today we are going to talk about what’s happening in the capital markets.

No doubt by now you’ve noticed all of the volatility in the market. Stocks haven’t gotten crushed and interest rates have dropped very quickly.

The S&P500 went from over 2900 in October to as low as 2630 in November and all the way down to 2350 in December. That’s about a 20% drop for an economy that is very strong and record low unemployment. Even though the S&P500 is recovering and now up to 2575, you need to ask yourself why all of this happened suddenly and what does it mean for the market moving forward?

First off let’s take a step back and appreciate the bull market of the past 9.5 years. The S&P index quadrupled from March of 2009 to October of last year. It’s quite an incredible run with only a few speedbumps and no recession. Low interest rates have driven our economy and with it, stock prices higher and higher for almost a decade.

With the Federal Reserve raising interest rates three times in 2017 and four times in 2018; we now have the market somewhat concerned about the ability of our economy to keep growing and growing. Can the economy continue to move higher in the face of higher interest rates?

It’s these types of questions that started to weigh on the market in the 4th quarter of 2018 and are still lingering today. Tech valuations are certainly a concern with Facebook and Apple getting a lot of publicity. And outside of tech, the ongoing trade disputes with China are affecting several other sectors as well.

The Federal Reserve did come out and try to assure the market that they will take any necessary steps to avoid a recession. The odds of interest rate hikes in 2019 plummeted. The odds of any interest rate raise for the entire year is now down to 25%. In fact the market is pricing in a 10% probably that the Fed cuts rates in 2019. Just as recent as October, the market was pricing in a 90% chance of an increase this year and a 0% chance of a drop in the benchmark rate.

In the coming weeks, you should keep an eye on the following items:

• The stock market will be the best guide on interest rates. Rates are reacting to valuation concerns, trade war concerns and the current government shutdown.

• Also important to note is data: whether it be earnings, earnings guidance or economic data. The market needs to mesh together recent fears about the current state with economic reality.

If you’d like a recap of today’s Rundown, please visit our blog. Thanks for watching and have a great day.