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Preston Schmidt

Preston Schmidt

Loan Officer
Movement Mortgage
NMLS ID # 967829
7777 Washington Ave S. Suite 105, Edina, MN 55439
Dial Phone Number
p: (651) 319-2000
f: (651) 378-1883
Send E-mail to
e: preston.schmidt@movement.com
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Market Update

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April 7, 2023

Labor market cooling off, so are mortgage rates

The Labor Department's release of the March nonfarm payrolls report on Good Friday showed the Federal Reserve's Quantitative Tightening (QT) measures to curb inflation are gradually putting the brakes on the previously red-hot labor...

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Stubborn inflation keeps upward pressure on rates

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Silver lining for FHA buyers as rates slowly creep higher

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Preston Schmidt
Preston Schmidt
Loan Officer
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7777 Washington Ave S. Suite 105, Edina, MN 55439
(opens in a new tab)
NMLS # 967829

State License #MN-MLO-967829, WI-967829