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Jonathan Locklear

Jonathan Locklear

Loan Officer
Movement Mortgage
NMLS ID # 1443863

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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Jonathan Locklear
Jonathan Locklear
Loan Officer
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575 Lynnhaven Pkwy, Ste 101, Virginia Beach, VA 23452
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NMLS # 1443863

State License #FL-LO139700, IA-53840, LA, MD-1443863, MN-MLO-1443863, NE, NC-I-176067, SC-MLO - 1443863, TN-1443863, VA-MLO-28109VA