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Chris Allessio headshot

Chris Allessio

Senior Loan Officer – Team Lead
Movement Mortgage
NMLS ID # 1725808

Market Update

Pensive man embracing young woman looking out of window in kitchen

March 18, 2022

The Fed, interest rates and the dreaded ‘R’ word

The main worry for economists is that the Fed has dug itself a deep hole by keeping interest rates so low for so long that now the FOMC will be forced to keep pushing interest rates higher even if growth slows.

Chris Allessio headshot
Chris Allessio
Senior Loan Officer – Team Lead
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231 Union Blvd, First Floor, Totowa, NJ 07512
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NMLS # 1725808

State License #CA-DFPI1725808-CA Licensed by DFPI under the CRMLA, CT-LO-1725808, FL-LO60900, IA-52586, IL-031.0087224, MD, MA-MLO1725808, MI-1725808, NJ-licensed by the N.J. Department of Banking and Insurance, NY-Licensed Mortgage Banker-NYS Department of Financial Services, NC-I-219811, PA-67550, SC-MLO-1725808, TX, WV-LO-1725808