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George Bissias headshot

George Bissias

Loan Officer
Movement Mortgage
NMLS ID # 39371

Market Update

Hart Senate Office Building

August 2, 2019

Fed’s rate cut countered by Trump

Additional tariffs on Chinese goods caused a rumble in the stock and bond market this week, just a day after the Federal Reserve announced a rate cut. Oil prices also took a tumble while long-term mortgage rates held steady. A breakdown of a busy week in this edition of Market Update.

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George Bissias headshot
George Bissias
Loan Officer
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138 Great Rd, Bedford, MA 01730
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NMLS # 39371

State License #CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI39371, CT-LO-39371, FL-LO116152, GA-39371, IL-031.0094227, MA-MLO39371, ME, NC-I-220648, NH, NY, RI, TX-SML