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Mike Barefoot

Senior Mortgage Officer
Movement Mortgage
NMLS ID # 264897

Market Update

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March 15, 2024

Inflation Persists, But Hope for Lower Rates Remains

This week witnessed turbulence in bond yields, driven by unexpected rises in both consumer and producer inflation measures. While Core CPI (excluding food and energy) increased by 0.40% month over month and 3.8% year over year, slightly exceeding...

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Mike Barefoot
Senior Mortgage Officer
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575 Lynnhaven Pkwy, Ste 101, Virginia Beach, VA 23452
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NMLS # 264897

State License #NC-I-186815, VA-MLO-2967VA