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Hope Morgan

Hope Morgan

BPS Market Leader
Movement Mortgage
NMLS ID # 476322
228 W. Church Street, Ste 200-300, Salisbury, MD 21801
Dial Phone Number
p: (410) 251-6398
o: (443) 736-4807
f: (803) 723-6368
Send E-mail to
e: hope.morgan@movement.com
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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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Hope Morgan
Hope Morgan
BPS Market Leader
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228 W. Church Street, Ste 200-300, Salisbury, MD 21801
(opens in a new tab)
NMLS # 476322

State License #DE-MLO-476322, MD-476322, VA- MLO-10455VA