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Michael Joy headshot

Michael Joy

Retirement Mortgage Professional
Movement Mortgage
NMLS ID # 120763
1029 E Main St, Ste 101, 102 & 103, Puyallup, WA 98372
Dial Phone Number
p: (253) 350-3154
Send E-mail to
e: michael.joy@movement.com

Movement Blog

Couple talking to financial advisor at home

December 16, 2022

Fed’s rate increase could mean good news for mortgage rates

The federal funds rate is now at its highest level in 15 years. Last week Federal Reserve Chair Jerome Powell, along with the Federal Open Market Committee, raised the overnight lending rate by 50-basis points putting it in a range of 4.25% to...