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Ginny VonBussenius

Ginny VonBussenius

Loan Officer
Movement Mortgage
NMLS ID # 147424

Market Update

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May 5, 2023

Fed’s latest hike pushes mortgage rates down

A 10th straight hike brought us to a 16-year high of the federal funds rate this past week as the Federal Open Market Committee approved a 25-basis point rate increase. Now, the overnight lending rate stands at 5.25%. The move was highly...

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Ginny VonBussenius
Ginny VonBussenius
Loan Officer
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184 Duke of Gloucester St. Suite 1B, Annapolis, MD 21401
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NMLS # 147424

State License #FL-LO126417, MD, PA-70884