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Mike Demaio Headshot

Michael Demaio

Senior Mortgage Loan Officer
Movement Mortgage
NMLS ID # 107797

Market Update

A56I7619

August 12, 2022

Inflation softens slightly, sellers becoming less confident

Inflation data shook up the markets in the second week of August—only this time the numbers appeared to be softening. The Labor Department's producer price index (PPI) showed the cost of wholesale goods fell by 0.5% in July. That's the...

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