Market Update

Wall Street stymied by battle in Congress

     
Wall Street stymied by battle in Congress

There is no question that the COVID-19 virus, and the reactions to it, are controlling the United States economy right now. But the breadth of that control was extremely evident this week. 

As expected, the Federal Reserve decided to keep overnight lending rates stable, in the range of 0% – .25%. The big news for the housing industry was the Fed’s decision to continue its purchases of bonds, as well as the current lending and liquidity programs put in place, to help mitigate economic problems due to the pandemic. 

Continue reading Wall Street stymied by battle in Congress at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

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.

Learn more about movement