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Franco Perrotta headshot

Franco Perrotta

Loan Officer
Movement Mortgage
NMLS ID # 2000455

Market Update

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October 27, 2023

High GDP Indicates Rates May Stay Elevated Longer

The beginning of this week witnessed the 10-year yield surpassing 5% for the first time since 2007, driven by Fed Chair Powell's comments last Thursday and ongoing geopolitical turbulence. However, by mid-Monday morning, the 10-year yield was on...

Franco Perrotta headshot
Franco Perrotta
Loan Officer
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231 Union Blvd, First Floor, Totowa, NJ 07512
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NMLS # 2000455

State License #CT-LO-2000455, FL-LO113157, NJ, NY Licensed Mortgage Banker-NYS Department of Financial Services, PA-101459