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Mike Demaio Headshot

Michael Demaio

Senior Mortgage Loan Officer
Movement Mortgage
NMLS ID # 107797

Market Update

EB1A9888

March 24, 2023

Uncertainty reigns in the economy as mortgage rates slide...

Over the past year the Federal Reserve has increased the federal funds rate a total of nine times—but this last one was a bit different. The Federal Open Market Committee unanimously decided to hike the overnight lending rate by 25-basis points...

Mike Demaio Headshot
Michael Demaio
Senior Mortgage Loan Officer
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1029 E Main St, Ste 101, 102 & 103, Puyallup, WA 98372
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NMLS # 107797

State License #AL-87041, AR-128417, AZ-1037801, CA-DFPI107797-CA DFPI under the California Residential Mortgage Lending Act, CO-100532744, FL-LO108338, GA-107797, HI-107797, ID-MLO-2080107797, IL-031.0077535, IN-DFI-63970, KS-LO.0049520, KY-MC840682, MI-107797, MO -107797, MT-107797, NM, NV-77886, OR, SC-MLO-107797, TN-107797, TX-SML, WA-MLO-107797, WI-107797, WY-105473