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Eric Formiller Headshot

Eric Formiller

Loan Officer
Movement Mortgage
NMLS ID # 485383

Movement Blog

shanghai stock market

August 9, 2019

How China’s currency led to a significant rate drop

Long-term fixed-rate mortgage rates just dropped again and are nearly a full point lower than they were a year ago. Find out what happened this week with China that spurred the rate drop, and what that means for you, in this week’s Market Update.

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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