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Parker Rockett Borofsky

Parker Rockett Borofsky

Branch Leader
Movement Mortgage
NMLS ID # 1460526

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.

Parker Rockett Borofsky
Parker Rockett Borofsky
Branch Leader
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114 Lovell Rd. Suite 102, Knoxville, TN 37934
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NMLS # 1460526

State License #AL-72467, AZ-1030450, AR-129202, CA-DFPI1460526 - CA DFPI under the California Residential Mortgage Lending Act, CO-100528795, CT-LO-1460526, DE-MLO-1460526, FL-LO63821, GA-51176, HI-1460526, IA-51426, IN-DFI-62929, IL-031.0076713, KS-LO.0050131, KY-MC794330, LA, MA-MLO1460526, MD, ME, MI-1460526, MN-MLO-1460526, MO-1460526, MS-1460526, MT-1460526, NC-I-169571, NH, NJ-1460526 - licensed by the N.J. Department of Banking and Insurance, NM, NV-81077, OH-OH.1460526, OK-MLO27083, OR, PA-97935, SC-BFI-MLO-1460526, SD-1460526.MLO, TN-128519, TX-SML, VA-MLO-63293VA, VT-MLO-1460526, WA-MLO-1460526, WI-1460526, WV-LO-1460526, WY-103845