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Pat Tobin headshot

Pat Tobin

Senior Loan Officer
Movement Mortgage
NMLS ID # 441867

Market Update

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September 20, 2024

Fed’s Rate Cut Boosts Inventory, but Market Remains Tight

The market is continuing to respond to the Federal Reserve's 50-basis point rate cut on Wednesday. Current sentiment suggests the Fed may successfully guide the economy toward a soft landing, bolstered by the recent jobless claims that indicate...

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Pat Tobin headshot
Pat Tobin
Senior Loan Officer
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105 Pleasant St, Stes 6 and 7, Hyannis, MA 02601
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NMLS # 441867

State License #CT-LO441867, FL-LO42420, ME, MA-MLO441867, NH