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Marcie Connell headshot

Marcie Connell

Senior Loan Officer
Movement Mortgage
NMLS ID # 111469

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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Marcie Connell headshot
Marcie Connell
Senior Loan Officer
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2200 Rimland Dr, Ste 220 & 250, Bellingham, WA 98226
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NMLS # 111469

State License #AZ-1045631, CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI111469, ID-MLO-2080111469, OR, WA-MLO-111469