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Eric Formiller Headshot

Eric Formiller

Loan Officer
Movement Mortgage
NMLS ID # 485383

Market Update

White house

November 9, 2018

Election boosts equities, rates still rising

This week’s midterm elections proved to fall in line with history as the stock market showed significant wins for the week. The steadily growing economy only further solidified expectations that the Federal Reserve will raise interest rates in December with a potential of three to four hikes in 2019

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Eric Formiller Headshot
Eric Formiller
Loan Officer
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27401 Los Altos Suite 100, Mission Viejo, CA 92691
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NMLS # 485383

State License #CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI485383