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Michael Torres

Branch Leader
Movement Mortgage
NMLS ID # 1536158

Market Update

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August 25, 2023

The Fed believes the economy hasn't cooled as expected

It has been a relatively quiet week in terms of economic data. The market is gradually warming up to the idea of another Fed rate hike before the year's end, with Fed Futures prices indicating a 40% chance as of Tuesday. PMI figures earlier this...

Michael Torres headshot
Michael Torres
Branch Leader
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7000 N 10th St. Suite C, McAllen, TX 78504
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NMLS # 1536158

State License #TX