Market Update

Retail sales plummet, but home purchases on the rise

Retail sales plummet, but home purchases on the rise

As states begin to reopen, home purchases are slowly beginning to regain steam. The latest data from the Mortgage Bankers Association shows that home purchases, while down compared to last year at this time, are up 11% week-over-week. Mortgage lenders, like Movement, are relying heavily on technological enhancements to allow customers to go through the homebuying process digitally. 

Also, this week the Federal Reserve started buying mortgage-backed securities at a lower price point, which allowed many lenders to reduce interest rates for some borrowers.

Continue reading Retail sales plummet, but home purchases on the rise at Movement Mortgage Blog.

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Our team is truly passionate about a career that allows us to connect with people every day. We want to build a legacy that is grounded in a genuine desire to build long lasting relationships based on trust. We have the privilege of helping people with one of the biggest financial decisions they will ever make, and we do not take that lightly. Our goal is to provide a level of service that is unparalleled and an overall experience that is remembered for years to come.

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About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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