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John Palumbo headshot

John Palumbo

Team Lead Loan Officer
Movement Mortgage
NMLS ID # 169369

Market Update

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November 12, 2021

Rising consumer prices could push mortgage rates higher

The Commerce Department delivered a blow to the Federal Reserve's stance about inflation as its latest report shows consumer prices rose by 6.2% year-over-year—the largest increase in more than three decades. When you remove the more volatile...

John Palumbo headshot
John Palumbo
Team Lead Loan Officer
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231 Union Blvd, First Floor, Totowa, NJ 07512
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NMLS # 169369

State License #AL-86049, AZ-1033396, CA-DBO169369, CO-100535396, CT-LO-169369, DE-MLO-169369, FL-LO84, GA-169369, IA-52580, IN-58975, KY-MC829598, MA-MLO169369, ME, MD-169369, MI-169369, MO-169369, NH, NJ-9941589, NY Licensed Mortgage Banker-NYS Department of Financial Services, NC-l-205970, OH-MLO-OH.169369, PA-26661, SC-MLO-169369, TN-169369, TX, VT-MLO-169369, VA-MLO-62051VA, WV- LO-169369, KS-LO.0054669