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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

Hart Senate Office Building

August 2, 2019

Fed’s rate cut countered by Trump

Additional tariffs on Chinese goods caused a rumble in the stock and bond market this week, just a day after the Federal Reserve announced a rate cut. Oil prices also took a tumble while long-term mortgage rates held steady. A breakdown of a busy week in this edition of Market Update.

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Arrow graph going down
Congress, Trump reach a deal as rates drop again

July 26, 2019

market update
Buildings in the financial area of ​​Wall Street in Manhatan - New York City
Long-term rates inch back up, Fed may make smaller cut

July 19, 2019

market update
markus-spiske-3Tf1J8q9bBA-unsplash
Rates steady at near three-year low, Fed on the brink

July 12, 2019

market update
busy floor, blurred people walking
Rates continue to tumble, inflation throws curveball to Fed

June 28, 2019

market update
stock market chart
Fed changing strategy, rate cuts expected in July

June 21, 2019

market update
Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunrise, logistic import export and transport industry background
Rates at two-year low, Fed at tipping point

June 14, 2019

market update
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