Patrick Jackson- Loan Officer, NMLS 1998135

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Patrick Jackson- Loan Officer, NMLS 1998135 Patrick Jackson is a Loan Officer at New American Funding in Central Oregon and California

Licensed by The Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act

10/29/2026

Yesterday the Fed announced that they were keeping their Fed rate the same as was expected from the markets. However, with inflation remaining high and the economy seemingly strong, will they be forced to raise their rate in December?

10/23/2026

Mortgage rates stayed steady this week as two competing forces went head to head. With increased tensions with Iran, the cost of oil jumped which is not good for rates. However, the sell off in AI stocks continued which helped counter that oil news and kept rates flat week over week.

10/15/2026

This week brought two hotter than expected inflation reports that normally would cause mortgage rates to rise, however a sell off in the stock market of AI related stocks benefited the mortgage bond market. Will this continue or just a blip?

10/08/2026

Mortgage rates soared above 7.5% this week as the war with Iran and overall inflation worries spooked the markets. With a strong job market and high inflation, the Fed will be resistant to cutting rates, and if anything their next move will be a rate hike.

09/16/2026

Today the Federal Reserve announced they would be raising their Fed rate by 1/4%, the first time they have hiked since July 2023. Although disappointing, if the Fed DID NOT hike, the markets probably would have not reacted well. With inflation rising, the Fed must act in the market's opinion.

09/10/2026

Mortgage rates took a big step back this week, as the average rate jumped back over 7%. With the war with Iran continuing, inflation fears have taken center stage, and a much stronger than expected jobs report did not help matters. Will the Fed actually RAISE their rate at next week's meeting?

08/27/2026

This week brought news of extensive economic sanctions the US will be putting in place on Iran, as well as a new tariff war with Canada brewing. On the data side of things, inflation remained sticky and new home sales plummeted. How will this all affect the Fed's upcoming rate decision?

08/20/2026

With the war with Iran continuing with no end in sight, the US Treasury Department stepped in yesterday and made an attempt to ease the pressure on rates by increasing their bond buying. It worked - for about a day. What comes next as rates stay elevated?

08/06/2026

Mortgage rates dropped slightly on news that the Strait of Hormuz could soon be open again, but the markets are still hesitant to celebrate too early given the previous false starts. With the Fed considering raising rates at their next meeting, a permanent end to the conflict would be a big help to avoid that rate hike.

07/23/2026

Today mortgage rates hit their highest levels in over a year, as the markets continue to deal with the fall out from the war with Iran. Will this push the Fed to RAISE their rate next week? Fingers crossed the answer is no.

Address

51473 Highway 97 Suite B
La Pine, OR
97739

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm
Saturday 8am - 8pm
Sunday 8am - 8pm

Telephone

+15412412982

Website

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