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Richard H. Lamotte Headshot

Richard H. Lamotte

Loan Officer
Movement Mortgage
NMLS ID # 337079

Market Update

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February 23, 2024

Economic Strength Mutes Fed’s Rate Cut Urgency

February’s trend toward higher rates continued this week, as the notes from the January FOMC meeting and comments from Fed officials made clear that rate cuts aren’t imminent. The minutes from the January meeting showed that many...

Richard H. Lamotte Headshot
Richard H. Lamotte
Loan Officer
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430 Dolphin Dr, Suite 300, Jacksonville, NC 28546
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NMLS # 337079

State License #NC-I-155776