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Michael Wessels Headshot

Michael Wessels

Branch Manager
Movement Mortgage
NMLS ID # 476421
312 East Stein Highway, Seaford, DE 19973
Dial Phone Number
p: (410) 430-6256
 Send E-mail to
e: mike.wessels@movement.com
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Market Update

EB1A0369

September 23, 2022

Another round of rate increases as the Fed fights inflation

The Federal Reserve is standing pat in its hawkish effort to fight inflation. The Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points at its September meeting and also set its terminal rate of 4.6% in 2023. The...

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Michael Wessels Headshot
Michael Wessels
Branch Manager
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312 East Stein Highway, Seaford, DE 19973
(opens in a new tab)
NMLS # 476421

State License #DE-MLO-476421, MD-476421