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Mike Barefoot

Senior Mortgage Officer
Movement Mortgage
NMLS ID # 264897

Market Update

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May 24, 2024

Home Inventory Increasing as Rates Remain Stable

Ten-year Treasury yields remain in a narrow range of 4.35%-4.50%. Fixed-rate mortgage rates change with the 10-year Treasury yield. When it goes up or down, mortgage rates tend to do the same. Financial markets are awaiting upcoming inflation and...

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mike barefoot headshot
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