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Geoff McCloskey

Loan Officer
Movement Mortgage
NMLS ID # 128871

Movement Blog

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June 7, 2024

July Rate Cut Off the Table as Job Market Surges

Today's unemployment report has effectively ruled out any possibility of a July rate cut by the Federal Reserve. Nonfarm payrolls increased by 272,000 in May, significantly surpassing the expected 180,000. Additionally, hourly earnings rose at...

geoffrey mccloskey head shot
Geoff McCloskey
Loan Officer
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261 Chapman Rd suite 105, Newark, DE 19702
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NMLS # 128871

State License #DE-MLO-128871, MD-128871, PA-28212