Patrick Jackson- Loan Officer, NMLS 1998135

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

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.

07/16/2026

As the war with Iran heats back up, the market got some good news this week with cooler than expected inflation numbers for the month of June, mainly led by a drop in gas prices. However with the war escalating, can we expect higher gas prices in future?

07/09/2026

Mortgage rates are back close to a 10 month high as new strikes between Iran and the US have broken the fragile peace that was in place, causing oil prices to spike. This news once again overshadowed recent market news like the BLS jobs report and some home sales data.

06/25/2026

Oil prices dropped this week with the peace agreement with Iran holding for now, which had a positive effect on mortgage rates and also allowed the markets to ignore some now out of date inflation numbers. On housing data front, May New Home sales were much lower than expected which is bad news for new home builders.

06/18/2026

Today brought news of a peace agreement signed between the US and Iran, which brought oil prices down and overall a positive market reaction. However, the market was still digesting the previous day's conclusion of the most recent Fed Meeting and the press conference of new Fed Chair Warsh. With lots of changes planned for the Fed, did the market overreact?

06/11/2026

Next week will be the first Fed Meeting for new Fed Chair Warsh - with war heating back up with Iran, inflation on the rise, and the job market seemingly strong, what direction will the Fed go?

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51473 Highway 97 Suite B
La Pine, OR
97739

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Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm
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