Market Update

Stock markets stumble, rates volatile as fear of virus fallout clouds Wall Street

     
Stock markets stumble, rates volatile as fear of virus fallout clouds Wall Street

This week saw the worst day for Wall Street since 1987 and trillions of dollars of stimulus being pumped into the economy, leaving investors and Americans wondering what twist would be around the next turn.

The continued fear of the spread of coronavirus COVID-19 has led to extensive economic fallout, which is likely just beginning. Sunday’s announcement by the Federal Reserve that it was dropping the federal funds rate down to 0% sent shockwaves through the mortgage industry because of what was different.

Continue reading Stock markets stumble, rates volatile as fear of virus fallout clouds Wall Street at Movement Mortgage Blog.

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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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