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Beth Stephans

Beth Stephans

Loan Officer
Movement Mortgage
NMLS ID # 140755

Market Update

Hart Senate Office Building

August 2, 2019

Fed’s rate cut countered by Trump

Additional tariffs on Chinese goods caused a rumble in the stock and bond market this week, just a day after the Federal Reserve announced a rate cut. Oil prices also took a tumble while long-term mortgage rates held steady. A breakdown of a busy week in this edition of Market Update.

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Beth Stephans
Beth Stephans
Loan Officer
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4804 Courthouse Street, Ste 4B, Williamsburg, VA 23188
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NMLS # 140755

State License #FL-LO40241, NJ-9943715, NC-I-191874, PA-23794, VA-MLO-36886VA