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Richard Candelaria

Richard Candelaria

Junior Loan Officer
Movement Mortgage
NMLS ID # 1749759

Market Update

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June 7, 2024

July Rate Cut Off the Table as Job Market Surges

Today's unemployment report has effectively ruled out any possibility of a July rate cut by the Federal Reserve. Nonfarm payrolls increased by 272,000 in May, significantly surpassing the expected 180,000. Additionally, hourly earnings rose at...

Richard Candelaria
Richard Candelaria
Junior Loan Officer
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3800 Osuna Rd NE Suite 1, Albuquerque, NM 87109
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NMLS # 1749759

State License #NM