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Mike Demaio Headshot

Michael Demaio

Senior Mortgage Loan Officer
Movement Mortgage
NMLS ID # 107797

Market Update

A56I8436

April 21, 2023

Data driving uncertainty as housing hits some speed bumps

A rough week of economic data stoked fears of a recession and further uncertainty about the Federal Reserve's next move. Jobless claims came in higher than expected, increasing by 5,000 to 245,000. Continuing claims also moved up by 61,000....

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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 Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI107797, 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