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John Palumbo headshot

John Palumbo

Team Lead Loan Officer
Movement Mortgage
NMLS ID # 169369

Movement Blog

Two story blue home with red door

November 5, 2021

Fed makes its plans official, rates expected to climb

The Federal Reserve finally made it official and will start reducing its bond purchases by $15 billion each month starting later in November. Since the onset of the pandemic, the Fed has been purchasing $120 billion per month worth of Treasury notes...

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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 Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI169369, CO-100535396, CT-LO-169369, DE-MLO-169369, FL-LO84, GA-169369, IL-031.0091229, IA-52580, IN-58975, KS-LO.0054669, KY-MC829598, MA-MLO169369, ME, MD-169369, MI-169369, MO-169369, NH, NJ-9941589, NY, NC-l-205970, OH-MLO-OH.169369, PA-26661, SC-MLO-169369, TN-169369, TX, VT-MLO-169369, VA-MLO-62051VA, WV- LO-169369